§ Mr. Spriggsasked the Chancellor of the Exchequer if he will provide details of the comparative real value of the £ sterling, taking the £ sterling as 100 in 1960; and what is the value of the £ sterling up to the latest date in 1980 for which the present real value can be calculated.
§ Mr. BiffenTaking the internal purchasing power of the £ sterling as 100 in 1960, its value in October 1980, the latest period for which information is available, was 1 per cent. Comparative values for other periods can be derived from figures given in a press notice issued by the Central Statistical Office entitled "Internal purchasing power of the pound", a copy of which is held in the House of Commons Library.