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Mr. Stewart
asked the Chancellor of the Exchequer if he will estimate the average value, taking the average internal purchasing power of the pound sterling during 1970 as 100p, of the pound sterling in each year since 1979.
Mr. Lawson
The figures, which are based on the RPI, are as follows:
| Internal purchasing power of the pound (1970=100p) | |
| Pence | |
| 1979 | 33 |
| 1980 | 28 |
| 1981 | 25 |
| 1982 | 23 |
| 1983 | 22 |
| 1984 | 21 |