HC Deb 04 May 1971 vol 816 cc317-8W
Mr. Dempsey

asked the Chancellor of the Exchequer taking the purchasing power of the £ sterling at 100p in June, 1968, what is its value at the most recent convenient date.

Mr. Higgins

Taking the value of the £ sterling as 100p in June, 1968, its value in March, 1971, the latest date for which information is available, is estimated at 85p.

This comparison is based on the movement in the consumer price index from 1968 to 1970 adjusted by the movement in the General Index of Retail Prices for the months at the beginning and end of the period.

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