§ 48. Mr. J. H. Osbornasked the Chancellor of the Exchequer what is the value of the £ sterling in terms of purchasing power compared to 1st April, 1970, 1st April, 1965, 1st April, 1960; and if he will express this change as a percentage, and compare it with the change in wages over the same period.
§ Mr. HigginsFollowing is the reply: