§ Mr. Gouldasked the Chancellor of the Exchequer what has been the increase in the real money supply since the first quarter of 1974.
§ Mr. Ian Stewart[pursuant to his reply, 7 December 1984, c. 298]: The increase in the real money supply is the change in the nominal money supply deflated by the change in the measure of the price level over the same period. There are a variety of measures of the nominal money supply. Target ranges for the growth rates of two monetary aggregates—weekly averaged MO and sterling M3—were set out in the 1984 financial statement and budget report. Information on these measures of the nominal money supply since 1969 can be found on page 80 of the March 1984 "Bank of England Quarterly Bulletin" and on pages 146 and 147 of the annual supplement to Economic Trends, respectively.
Information on movements in various measures of the price level can be found on pages 114 to 117 of the annual supplement to Economic Trends.