§ 19. Mr. Richard Wainwright
asked the Chancellor of the Exchequer how the most recent estimates of monetary aggregates compare with his target range for 1982–83.
§ Mr. Brittan
In the banking months March and April together, sealing M3 and PSL2 are provisionally estimated to have increased by 1¼ per cent. and 2 per cent., respectively, seasonally adjusted; and M1 to have fallen by ½ per cent., seasonally adjusted. The Target range for growth at an annual rate in the period mid-February 1982 to mid-April 1983 in these aggregates is 8 to 12 per cent.