£ Sterling (Purchasing Power)

HC Deb 27 July 1981 vol 9 c279W

Mr. Ernie Ross

asked the Chancellor of the Exchequer what is the current purchasing power of the £ sterling, taking its May 1979 value as 100p.

Mr. Lawson

Taking the internal purchasing power of the £ sterling as 100p in May 1979, its value in June 1981, the latest period for which information is available, was 73p.