HL Deb 04 April 1979 vol 399 cc1978-9WA
The Earl of KINNOULL

asked Her Majesty's Government:

What has been the rate of inflation, and what has been the percentage increase in total United Kingdom money supply and loans from abroad minus total central government taxation

Inflation1 Sterling M32 Total Central Government taxation3 Loans from abroad4 Repayment of loans from abroad5
% % £m £m £m
1970 … … … 6.4 9.8 15,459 — 300
1971 … … … 9.4 13.4 15,879 — 650
1972 … … … 7.1 25.2 16,185 — 150
1973 … … … 9.2 26.9 16,894 — 150
1974 … … … 16.1 10.3 21,028 900 50
1975 … … … 24.2 6.7 26,502 200 100
1976 … … … 16.5 9.6 31,177 1,150 50
1977 … … … 15.8 10.2 35,721 2,350 100
1978 … … … 8.2 15.1 39,222 200 1,100
1. Year on year increase in retail prices index (Economic Trends, Table 42).
2. Broadly defined money supply aggregate. The annual percentage increase is derived by taking the sum of the quarterly unadjusted changes as a percentage of the seasonally adjusted money stock outstanding at the end of the previous year (Financial Statistics, Tables 7.1 and 7.2).
3. Receipts from Inland Revenue, Customs and Excise (including EEC own resources), Vehicle Excise Duty, Selective Employment Tax and employers' National Insurance Surcharge (Financial Statistics, Table 3.1).
4. Foreign currency loans to central government (rounded).
5. Foreign currency loan repayments by central government (rounded).