§ 36. Mr. Edwin Wainwrightasked the Chancellor of the Exchequer what has been, at the latest available date, the percentage decrease in the value of the £ sterling for each of the years since 1961.
§ Dr. GilbertIt is estimated that the percentage decreases in the internal purchasing power of the pound compared with the previous year were as follows:
These estimates are based on the change in the consumers' expenditure deflator between 1961 and 1962 and the changes in the annual averages of the General Index of Retail Prices for other years.
per cent. 1962 3½ 1963 2 1964 3 1965 4½ 1966 4 1967 2½ 1968 4½ 1969 5 1970 6 1971 8½ 1972 6½ 1973 8½