§ Mr. Donald Stewartasked the Chancellor of the Exchequer, taking 1970 as the base year, with the £ sterling worth loop, what was the value of the £ sterling in the year 1971 and in each succeeding year.
§ Sir Geoffrey HoweTaking the average internal purchasing power of the £ sterling during 1970 as 100p, its estimated average values in succeeding years were as follows:
1971 91p 1972 85p 1973 78p 1974 67p 1975 54p 1976 47p 1977 40p 1978 37p 1979 33p These estimates are based on movements in the general index of retail prices.