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67.
Mr. Osborne
asked the Chancellor of the Exchequer how much food subsidies have cost for each separate year since 1945; and what has been the internal purchasing value of the pound for each year, taking 1945 as the base at 20s.
Mr. Gaitskell
The answer is as follows:
| FOOD SUBSIDIES | |||
| £m. | |||
| 1944–45 | … | … | 195.7 |
| 1945–46 | … | … | 265.5 |
| 1946–47 | … | … | 323.7 |
| 1947–48 | … | … | 391.6 |
| 1948–49 | … | … | 484.4 |
| 1949–50 | … | … | 424.8 |
| 1950–51 | … | … | 410.0* (Estimate) |
| * Final figure not yet available. | |||
| PURCHASING POWER OF THE £ | ||||||
| (in terms of expenditure over the whole field of consumer goods and services) | ||||||
| s. | d. | |||||
| 1945 | … | … | … | … | 20 | 0 |
| 1946 | … | … | … | … | 19 | 6 |
| 1947 | … | … | … | … | 18 | 3 |
| 1948 | … | … | … | … | 16 | 11 |
| 1949 | … | … | … | … | 16 | 7 |
| 1950 | … | … | … | … | 16 | 1 |