HC Deb 19 April 1978 vol 948 cc163-4W
Mr. David Mitchell

asked the Chancellor of the Exchequer what is the value of the £ sterling in internal purchasing power compared with February 1974.

Mr. Denzil Davies

As measured by the General Index of Retail Prices, the value of the £, if put at 100p in February 1974, is estimated at 53p in March

would apply and that the scope for savings is substantial, although less in total in the home.