HC Deb 22 June 1965 vol 714 c171W
49. Mr. Pounder

asked the Chancellor of the Exchequer what was the current purchasing power of the £ sterling at the latest convenient date, taking 15th October last as the base date.

Mr. MacDermot

On the basis of the change in the index of retail prices, the purchasing power of the £ sterling, taken as 20s. in October 1964 was about 19s. 2d. in May 1965, the latest date available.