HC Deb 17 March 1978 vol 946 cc409-10W
Mr. Neubert

asked the Chancellor of the Exchequer what is the present value

of the halfpenny in terms of old pence, compared with its value on decimal day; and what percentage devaluation in the intervening period that represents.

Mr. Denzil Davies

The halfpenny is now worth .48 of an old penny, compared with 1.2 old pence on decimal day. This represents a loss of purchasing power of 60 per cent.