HC Deb 23 July 1980 vol 989 c246W
Mr. Kaufman

asked the Chancellor of the Exchequer what, based on the index of retail prices, is the purchasing power of the £ sterling now, taking it as 100p on 4 May 1979.

Sir Geoffrey Howe

Taking the internal purchasing power of the £ sterling as l00p in May 1979, its value in June 1980, the latest period for which information is available, was 81p.