HC Deb 13 December 1962 vol 669 c94W
Sir C. Osborne

asked the Chancellor of the Exchequer what is the approximate present internal purchasing power of the £ sterling as compared with 20s. at the time of the issue of 2½ per cent. Treasury Stock at par.

Mr. du Cann

About 11s. 6d. on the basis of the change in the consumer price index up to 1961 projected to October, 1962, by using the index of retail prices.