HC Deb 20 February 1973 vol 851 c73W
Mr. Pavitt

asked the Chancellor of the Exchequer what was the value of the £ sterling in January 1973, taking a comparison with the £ sterling valued at 100p in January 1966.

Mr. Nott

Taking the internal purchasing power of the £ sterling as 100p in January 1966, its value in January 1973 is estimated to be 67p. This estimate is based on the movement in the Consumer Price Index between 1966 and 1968, and on the movement in the General Index of Retail Prices for other periods.