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Mr. Skinner
asked the Chancellor of the Exchequer what is the relative value of the £ sterling at the latest possible date, as compared with June 1970.
Mr. Nott
Taking the internal purchasing power of the £ sterling as 100p in June 1970, its value in December 1973, the latest date available, is estimated to be 743½p, on the basis of the change in the General Index of Retail Prices.