HC Deb 02 June 1961 vol 641 c46W
Mr. de Freitas

asked the Chancellor of the Exchequer whether he is aware that taking the internal purchasing value of the £ sterling as 20s. in October, 1951, it had declined to 18s. 5d. in March, 1953, and to 16s. 2d. in March, 1957; and what was the comparable figure for March, 1961.

Mr. Barber

Yes, on the basis of the retail price index. The comparable figure for March, 1961, is 14s. 11d.