£ Sterling (Purchasing Power)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th May 1971.

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Photo of Gerald Kaufman Gerald Kaufman , Manchester Ardwick 12:00 am, 18th May 1971

asked the Chancellor of the Exchequer what is the purchasing power of the £ sterling now, taking it as 100p on 18th June, 1970.

Photo of Mr Patrick Jenkin Mr Patrick Jenkin , Wanstead and Woodford

No later information has become available since my right hon. Friend's reply to a similar Question by the hon. Member on 27th April.

Photo of Gerald Kaufman Gerald Kaufman , Manchester Ardwick

Is the hon. Gentleman aware that, since that date, the electors have delivered their verdict on the answer? [Interruption.] Is not he aware that the rejection of 81 Conservative candidates out of 99 in the City of Manchester—[HON. MEMBERS: "Order."] —and 2,800 Labour gains in the rest of the country—

Hon. Members:

Order.

Photo of Mr Selwyn Lloyd Mr Selwyn Lloyd , Wirral

Order. Questions of order are for me.

Photo of Gerald Kaufman Gerald Kaufman , Manchester Ardwick

—have demonstrated at a stroke what the people think about the lie on which the Conservative Party was elected?

Photo of Mr Patrick Jenkin Mr Patrick Jenkin , Wanstead and Woodford

I am sure that the hon. Gentleman was better employed doing public relations for the right hon. Member for Huyton (Mr. Harold Wilson).