Savings Certificates (Purchasing Power)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 2 December 1947.

Alert me about debates like this

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East 12:00, 2 December 1947

It is quite impossible to state what the purchasing power is, unless we know on what the money is to be spent. Some foodstuffs, for example, are at prewar prices. If it is spent on those, then the purchasing power is the same as in 1939. Other articles are more expensive.