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Pound Sterling (Purchasing Power)

Volume 414: debated on Tuesday 23 October 1945

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56.

asked the Chancellor of the Exchequer if, taking the purchasing power of the £ in 1900 as 100, he will state the corresponding figure at the latest available date; and the figure calculated for the whole field of personal expenditure.

According to the best calculations available, the figure for September, 1945, is 45. Calculated over the whole field of personal expenditure, the figure for September 1945, would probably be about 40.