£ Sterling (Purchasing Power)

HC Deb 12 December 1961 vol 651 c34W

Mr. Dempsey

asked the Financial Secretary to the Treasury if he will publish in the OFFICIAL REPORT figures showing the internal purchasing power of the £ sterling as 20s. in 1951, and the value for each subsequent year in terms of shillings and pence.

Sir E. Boyle

Yes. The following is the information:

				s.	d.
1951	…	…	…	20	0
1952	…	…	…	18	11
1953	…	…	…	18	7
1954	…	…	…	18	3
1955	…	…	…	17	8
1956	…	…	…	16	11
1957	…	…	…	16	5
1958	…	…	…	16	0
1959	…	…	…	15	11
1960	…	…	…	15	10

The above figures are on the basis of the consumer price index.