HC Deb 17 June 1980 vol 986 c485W
Mr. Kaufman

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

Sir Geoffrey Howe

Taking the internal purchasing power of the pound sterling as 100p in May 1979, its value in May 1980, the latest period for which information is available, was 82p.