HC Deb 10 June 1974 vol 874 c422W
Mr. Bidwell

asked the Chancellor of the Exchequer what was the purchasing value of the pound at April 1974 compared with April 1964.

Dr. Gilbert

Taking the internal purchasing power of the pound as l00p in April 1964, its value in April 1974 is estimated to be 52p. This estimate is based on movements in the General Index of Retail Prices.

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