HC Deb 17 July 1969 vol 787 c166W
Mr. Arthur Lewis

asked the Postmaster-General when the present interest for deposits in the Post Office Savings Bank was first estblished at 2½ per cent. per annum; and on the basis of the then purchasing power of 6d., by how much he estimates the 2½ per cent. per annum requires to be increased to restore the present 6d. in the £ to its original purchasing value.

Mr. Joseph Slater

1861. The current value in terms of purchasing power of 6d. in 1861 is 2 shillings 8.73 pence.