§ Mr. Knoxasked the Chancellor of the Exchequer, taking the £ as 100p today, what its equivalent purchasing power, expressed in terms of new pence, was in 1914, 1938, 1947 and 1951, respectively.
§ Dr. GilbertTaking the internal purchasing power of the pound as 100p in December 1974, the latest available date, its value is estimated to have been:
259W
1,050p in 1914 670p in 1938 370p in 1947 300p in 1951 The basis for these estimates is given in "The Internal Purchasing Power of the Pound", a leaflet released by the Press and Information Service of the Central Statistical Office.