HC Deb 12 December 1973 vol 866 c150W
Mr. Concannon

asked the Chancellor of the Exchequer what would be today's equivalent, allowing for inflation and the general average rise in wages in real terms, for a worker who in 1957 was earning (a) £18.87p, (b) £17.42½p, and (c) £13.54p, respectively.

Mr. Nott

The rise in average wages and salaries per employee in employment in money terms was 191 per cent. between 1957 and the first quarter of 1973—the latest period available. The equivalents in the first quarter of 1973 would be (a) £54.99, (b) £50.78, (c) £39.46. The increase in the General Index of Retail Prices at the same period was 91 per cent.