§ 72. Mr. Corfieldasked the Chancellor of the Exchequer if he will indicate the extent to which the value of the £ sterling, expressed in money terms, has decreased in each year from 1st January, 1959 to 1st January, 1968, inclusive.
§ Mr. DiamondThe table below shows the internal purchasing power of the £ sterling in January of each year from 1959 to 1968, taking its value as 20s. in January, 1959. The estimates are based on movements in the consumer price index adjusted to January values by the index of retail prices.
s. d. 1959 20 0 1960 20 1 1961 19 9 1962 19 0 1963 18 7 1964 18 4 1965 17 6 1966 16 10 1967 16 3 1968 15 11