§ Mr. Arthur Lewisasked the Chancellor of the Exchequer whether he will give the purchasing worth of Members of Parliament's salary of £3,250 per annum as at 1st May, 1971, compared with October, 1964, taking the latter figure as the £ being worth in spending value 100p.
§ Mr. HigginsTaking the purchasing power of a Member of Parliament's salary at £3,250 in October, 1964, its purchasing power in April, 1971, the latest date for which information is available, is estimated at £2,340.
This comparison is based on the movement in the Consumer Price Index from 1964 to 1970 adjusted by the movement in the General Index of Retail Prices for the months at the beginning and end of the period.