§ 81. Sir C. Osborne
asked the Chancellor of the Exchequer what is the internal purchasing power of the £ sterling today as compared with 20s. in 1919.
§ Mr. Harold Lever
Taking the internal purchasing power of the £ sterling as 20s. in 1919, its value in February, 1969, the latest date for which information is available, is estimated at 7s. 2d. This estimate is based on movements in the cost of living index up to 1938, in the consumer price index from 1938 to 1967254W and the index of retail prices from 1967 to February, 1969.