asked the Taoiseach the purchasing value of the £1 in 1970 compared with the year in which the employment allowance was introduced.
Ceisteanna—Questions. Oral Answers. - Value of £.
4.
The employment allowance was introduced in 1934. On the basis of the consumer price index numbers, it is estimated that £1 at mid-August, 1934, would purchase the same quantum of goods and services at retail prices as would £4 18s 8d at mid-August, 1970.