§ Mr. Greville Jannerasked the Chancellor of the Exchequer what is the equivalent buying value of £150 in 1918, and by what percentage the buying value of the pound has diminished in the past 60 years.
§ Mr. Denzil DaviesIn January 1978, the latest date for which information is available, £1,250 had internal purchasing power approximately equivalent to that of £150 in 1918. Over the same period, the internal purchasing power of the pound fell by approximately 88 per cent.