§ 7. Mr. Sparksasked the Chancellor of the Exchequer if he will give in table form the internal purchasing value, as distinct from the internal purchasing power, of the £ sterling, taking October, 1951, as 20s., and for October in each subsequent year and to the nearest convenient date.
§ Mr. ErrollI think the hon. Member is making a distinction where none in fact exists. What is usually called the purchasing power of the £ is, I believe, referred to by some hon. Members as the purchasing value of the £. Figures for each year, on the basis requested by the hon. Member, were given on 9th July.