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Unemployment Benefit

Volume 486: debated on Monday 16 April 1951

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asked the Chancellor of the Exchequer how the purchasing power of the present rate of unemployment benefit for a single man compares with that of the current rate in April, 1939, in view

United Kingdom to France36466396
France to United Kingdom4864841310
United Kingdom to U.S.A.336099170
U.S.A. to United Kingdom3070110220
United Kingdom to Brazil6083120183
Brazil to United Kingdom77102130206
United Kingdom to India396699150
India to United Kingdom265078126

of the fall in the internal value of the pound.

The unemployment benefit paid to a single man under the general scheme in April, 1939, was 17s. per week. The corresponding amount now is 26s. The 26s. would be worth about 17s. 1d. in 1939, on the basis of the official index on retail prices introduced in June, 1947, and the previous cost-of-living index. I would however, draw the hon. Member's attention to the precarious nature of comparisons in particular contexts made on the basis of general indices of this kind.