§ Mr. Peartasked the Chancellor of the Exchequer what was the purchasing value of the sovereign for each year from 1951–52 to 1961–62, taking 1951–52 at the basic value of 20s.
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§ Sir E. BoyleSince U.K. residents are prohibited from possessing sovereigns, except for special purposes, it is unrealistic to attach a purchasing value to them within the United Kingdom. The following table, based on the consumer price index adjusted from calendar to financial years by the index of retail prices, shows changes in the purchasing value of the £ since 1951–52:
s. d. 1951–52 … … 20 0 1952–53 … … 19 3 1953–54 … … 19 1 1954–55 … … 18 7 1955–56 … … 17 11 1956–57 … … 17 3 1957–58 … … 16 9 1958–59 … … 16 4 1959–60 … … 16 5 1960–61 … … 16 2 1961–62 … … 15 8 (provisional)
Year Aged 40–49 Aged 50–59 Aged 60 and over Males Females Males Females Males Females 1952 … … 101 120 639 741 12,302 16,530 1953 … … 98 107 658 616 12,138 16,272 1954 … … 118 102 667 661 12,989 17,500 1955 … … 115 112 707 620 13,963 18,888 1956 … … 98 113 692 636 13,994 19,597 1957 … … 104 110 702 625 14,089 20,043 1958 … … 103 90 786 601 14,544 20,958 1959 … … 106 77 821 592 14,389 21,170 1960 … … 107 73 758 558 14,352 21,389 1961 (provisional) … … 107 77 807 547 14,381 21,729