§ Mr. Knoxasked the Chancellor of the Exchequer, taking the first quarter of 1945 as 100, what would be the index number for the value of the £ sterling in each of the quarters from 1945 to the latest quarter for which information is available.
§ Mr. Denzil DaviesNo information is available for 1945; quarterly information is not available before 1962. Taking the internal purchasing power of the pound to be 100p in 1946 its value in the periods 1947 to 1st quarter 1975 are as follows:—
1946 … … 100 1954 … … 69 1947 … … 93½ 1955 … … 66½ 1948 … … 87 1956 … … 64 1949 … … 85 1957 … … 62 1950 … … 82½ 1958 … … 60 1951 … … 76 1959 … … 60 1952 … … 71½ 1960 … … 59 1953 … … 70 1961 … … 57½
1st 2nd 3rd 4th Year Qtr. Qtr. Qtr. Qtr. 1962 … 55½ 56 55 55 55 1963 … 54½ 54½ 54 54½ 54 1964 … 52½ 54 53 52½ 52 1965 … 50½ 51½ 50 50 49½ 1966 … 48½ 49½ 48½ 48 48 1967 … 47 47½ 47 47½ 46½ 1968 … 45 46 45 45 44½ 1969 … 43 43½ 43 42½ 42 1970 … 40 41½ 40½ 40 39 1971 … 37 38 37 36½ 36 1972 … 34 35½ 34½ 34 33 1973 … 31½ 32½ 31½ 31 30 1974 … 27 27½ 27½ 26½ 25½ 1975 … 24 The basis for these estimates is that given in the leaflet "The Internal Purchasing Power of the Pound", obtainable from the Press and Information Service of the Central Statistical Office.