HC Deb 18 October 1973 vol 861 cc259-60W
41. Mr. Kaufman

asked the Chancellor of the Exchequer what, on the basis of the General Index of Retail Prices, is the purchasing power of the £ sterling now, taking it as 100p on 18th June 1970.

42. Mr. Skinner

asked the Chancellor of the Exchequer what, on the basis of the official Index of Retail Prices, is the purchasing power of £1 sterling now, taking it as 100p on 18th June 1970.

Mr. Nott

I would refer the hon. Members to the answer I gave on 16th October to the Member for South Ayrshire (Mr. Sillars).

Mr. Russell Johnston

asked the Chancellor of the Exchequer what is the value of the £ sterling now, taking its value as 100p on 29th February 1972.

Mr. Nott

Taking the internal purchasing power of the £ sterling as 100p in February 1972, its value in August 1973, the latest date available, is estimated at 88½p, on the basis of the change in the General Index of Retail Prices.