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£ Sterling

Volume 974: debated on Wednesday 21 November 1979

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asked the Chancellor of the Exchequer what, based on the index of retail prices, is the purchasing power of the £ sterling today taking it as 100p on 3 May.

[pursuant to his reply, 20 November 1979]: Based on the general index of retail prices and taking the value of the £ sterling as 100p in May 1979, its value in October 1979 was 92p.