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Pound Sterling (Purchasing Power)

Volume 448: debated on Tuesday 11 July 2006

To ask the Chancellor of the Exchequer what the purchasing power is of the pound sterling compared with (a) 1976, (b) 1986 and (c) 1996. (83802)

The information requested falls within the responsibility of the National Statistician who has been asked to reply.

Letter from Colin Mowl, dated 11 July 2006:

The National Statistician has been asked to reply to your recent Parliamentary Question concerning what the purchasing power is of the pound sterling compared with (a) 1976, (b) 1986 and (c) 1996.1 am replying in her absence. (83802)

A pound in May 2006 is worth:

(a) 20p compared with its 1976 purchasing value;

(b) 49p compared with its 1986 purchasing value; and

(c) 77p compared with its 1996 purchasing value.