§ 41. Mr. Dodds-Parkerasked the Chancellor of the Exchequer what is the present value in domestic purchasing power of the sterling, taking November, 1967, as the base.
§ Mr. William RodgersTaking the domestic purchasing power of the £ sterling as 20s. 0d. in November, 1967, its value in October, 1969, the latest date for which information is available, is estimated at 18s. 2d.
This estimate is based on changes in the annual consumer price index adjusted by movements in the index of retail prices for the months at the beginning and end of the period.
§ 55. Mr. Wolrige-Gordonasked the Chancellor of the Exchequer by what percentage the £ sterling has depreciated in real value since December, 1964.
§ Mr. William RodgersIt is estimated that between December, 1964, and October, 1969, the latest date for which information is available, the purchasing power of the £ sterling has fallen by about 17½ per cent.
This estimate is based on changes in the annual consumer price index adjusted by movements in the index of retail prices for the months at the beginning and end of the period.