§ Mr. Deakinsasked the Chancellor of the Exchequer what was the correlation between wage and salary changes and the purchasing power of the £ sterling in each year since 1964.
§ Mr. NottInformation about annual changes in wages and salaries, and in prices, since 1964 is given in the table below:
Index of average earnings of all employees General index of retail prices Percentage increase over preceding year 1965 + 7.3 +4.8 1966 + 6.6 +3.9 1967 + 3.2 +2.5 1968 + 8.1 +4.7 1969 + 7.8 + 5.4 1970 + 12.0 + 6.4 1971 + 11.4 + 9.4