§ 60. Mr. Kaufmanasked the Chancellor of the Exchequer what is the purchasing power of, respectively, £6 and £9.70 now, taking them as 600p. and 970p in November 1969.
§ Mr. HigginsTaking the values as 600p and 970p in mid-November 1969, their purchasing power in mid-August 1971, the latest date for which information is available, is estimated at 516p and 834p respectively. These estimates are based on the movement in the General Index of Retail Prices.
§ Mr. Kaufmanasked the Chancellor of the Exchequer what is the purchasing power of the £ sterling now, taking it as 100p on 18th November, 1967.
§ Mr. HigginsTaking the value of the £ sterling as loop in mid-November 1967, its purchasing power in mid-August 1971, the latest date for which information is available, is estimated at 78½p. This estimate is based on the movement in the Consumer Price Index for calendar years, adjusted by the movement in the General Index of Retail Prices for the months at the beginning and end of the period.
§ Mr. Goldingasked the Chancellor of the Exchequer what is the fall in the purchasing power of the £ sterling since 18th June, 1970.
§ Mr. HigginsTaking the value of the £ sterling to be 100p in mid-June 1970, its purchasing power in mid-August 1971, the latest date for which information is available, is estimated at 90p.
This comparison is based on the movement in the General Index of Retail Prices.