£ Sterling (Purchasing Value)

HC Deb 27 October 1960 vol 627 cc323-4W

Mr. de Freitas

asked the Chancellor of the Exchequer whether he is aware that, taking the internal purchasing value of the £ sterling at 20s. in October, 1951, it had declined to 18s. in September, 1954, and to 15s. 10d. in September, 1957; and what was the comparable figure for September, 1960.

Mr. Barber

Yes, on the basis of the retail price index. The comparable figure for September, 1960, is 15s. 2d.