§ Mr. Denzil Davies
To ask the Chancellor of the Exchequer what has been the total percentage rise in the rate of money supply as measured by notes and coins in circulation from the year 1981 to 1988 in the United Kingdom, the United States of America, Japan, France and the Federal Republic of Germany, respectively.
§ Mr. Lawson
Figures for the rise in the supply of notes and coins are shown in the table. Data for 1988 are not yet available.
Growth of notes coins in circulation percentage change 1981–87 (in local currency) Per cent. United States of America 58 Japan 44 France 39 West Germany 48 United Kingdom 34
Sources: Federal Reserve Bulletin Table 1.21 Row 6 January 1986 and October 1988
Bank of Japan Economic Statistics Monthly
Table 1 column 1 August 1988
Insee Bulletin de Statistique Table 16 Finances Row Billets
et Monnaies June 1984 and September 1988
Deutsche Bundesbank Monthly Report Statistical577W
Supplement Series 4 Table Central Bank Money Stock column 4 June 1984 and October 1988
CSO Financial Statistics Table 11.2 column 1 July 1984 and September 1988
Note: Definitions of notes and coins in circulation may vary from country to country.