§ Mr. Austin Mitchellasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing the increase in sterling M3 from May 1979 to the latest available date together with the division of this increase in the money supply between the public and private sectors.
§ Mr. Ian StewartNo. The figures are published in tables 11.2 and 11.3 of "Financial Statistics". Sterling M3 is defined as notes and coin in circulation with the public, plus the United Kingdom private sector's holdings of sight and time deposits. Virtually the whole of £M3 is held by the private sector, by definition.
§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what assessment he has made as to which business sectors have benefited from the increase in the money supply, sterling M3, since May 1979; and whether he will publish in the Official Report a table showing, in each case, such information as is available to him as to the increase in their monetary assets since that date.
§ Mr. Ian StewartOn the components side, figures for the United Kingdom monetary sector's liabilities to other financial institutions and to industrial and commercial companies are published in "Financial Statistics", table 6.2. As for the counterparts to £M3, a more detailed analysis of lending to United Kingdom residents is in table 6.6 of the same publication.
§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report 184W a table showing to what extent the increase in the money supply, sterling M3, between May 1979 and the latest available date is due to spending by the public sector net of funding and assets realisation.
§ Mr. Ian StewartFigures for the counterparts to £M3 are published in table 11.5 of "Financial Statistics". The PSBR is shown net of asset realisations.