Léim ar aghaidh chuig an bpríomhábhar

Dáil Éireann díospóireacht -
Tuesday, 15 Apr 1969

Vol. 239 No. 9

Ceisteanna—Questions. Oral Answers. - Purchasing Power of £1.


asked the Taoiseach the decline in the purchasing power of the £1 sterling (a) per cent and (b) in money terms between mid-February, 1968 and mid-February, 1969.

It is estimated on the basis of the consumer price index numbers that at mid-February, 1969, £1 would purchase the same quantum of goods and services at retail prices as would 18s. 9d. at mid-February, 1968. This is equivalent to a decline of 6.3 per cent.

So it is 6.3 per annum.

In one year, not per annum.

Can the Taoiseach give an indication as to whether the Government have decided to compensate in the forthcoming Budget social welfare recipients and others who have suffered because of this decline?

That is a separate question.

The Deputy knows he cannot get an answer to that now.