§ Mr. LawsonTo ask the Chancellor of the Exchequer if he will publish a table showing, for each month from January 1977 inclusive,(a) the average three-month inter-bank rate, (b) the average three-month inter-bank rate in real terms, using the retail prices index excluding
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3 month inter-bank rate (average over month) Bank and building societies lending to M4 private sector (Percentage annual growth) Current prices Real terms 1978 January 6.26 -3.87 — February 6.87 -3.04 — March 6.82 -2.80 — April 7.62 -1.09 — May 9.30 0.93 — June 10.04 1.91 — July 10.18 2.05 — August 9.45 1.21 — September 9.37 1.38 — October 10.57 2.73 — November 12.07 3.95 — December 12.35 4.07 — 1979 January 12.70 3.85 — February 13.32 4.09 — March 12.06 2.99 — April 11.69 2.40 — May 11.82 2.38 — June 13.12 2.72 — July 13.98 -0.68 — August 14.12 -0.82 — September 14.17 -1.22 — September 14.17 -1.22 — October 14.12 -1.94 — November 16.24 -0.45 — December 16.81 0.16 — 1980 January 17.16 -0.19 — February 17.77 0.00 — March 18.11 -0.39 — April 17.64 -2.47 — May 17.05 -3.13 — June 16.77 -2.80 — July 15.88 -0.02 — mortgage interest payments as the deflator and (c) the percentage growth in bank and building society lending over the same month in the previous year.
§ Mr. Norman Lamont[holding answer 10 June 1991]: The available information is as follows (figures for earlier periods are not readily available):
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3 month inter-bank rate (average over month) Bank and building societies lending to M4 private sector (Percentage annual growth) Current prices Real terms August 16.53 1.24 — September 16.00 0.90 — October 15.98 1.46 — November 15.84 1.44 — December 14.73 0.55 — 1981 January 14.28 1.23 — February 13.04 0.41 — March 12.65 -0.06 — April 12.33 -0.10 — May 12.40 0.06 — June 12.66 0.80 — July 13.79 2.16 — August 14.18 1.86 — September 14.78 2.60 — October 16.33 3.65 — November 15.06 2.60 — December 15.44 3.13 — 1982 January 15.13 3.07 — February 14.48 3.49 — March 13.57 3.34 — April 13.77 4.31 — May 13.35 3.87 — June 13.00 3.85 — July 12.37 3.67 — August 11.11 3.32 — September 10.89 3.40 — October 9.79 2.68 — November 9.39 2.48 — December 10.62 3.77 — 1983 January 11.21 4.60 — February 11.34 4.35 — March 10.98 4.81 — April 10.26 5.00 — May 10.26 5.53 — June 9.94 5.23 18.9 July 9.89 4.95 17.2 August 9.87 4.56 16.7 September 9.69 4.16 16.9 October 9.38 4.25 16.3 November 9.30 4.32 16.2 December 9.42 4.34 16.5 1984 January 9.45 4.72 17.2 February 9.38 4.68 17.2 March 8.95 4.04 17.3 April 8.88 3.81 17.7 May 9.40 4.31 17.1 June 9.45 4.37 17.3 July 11.51 6.71 17.7 August 11.07 6.54 17.9 September 10.83 6.68 17.4 October 10.67 6.17 18.0 November 9.93 5.59 18.4 December 9.82 5.63 17.9 1985 January 11.68 6.82 18.0 February 13.76 8.83 17.5 March 13.63 8.01 18.3 April 12.76 7.06 18.2 May 12.66 6.98 18.2 June 12.44 6.78 18.1 July 12.04 6.50 18.1 August 11.50 5.89 18.1 September 11.55 5.73 17.4 October 11.55 6.08 17.4 November 11.57 6.00 17.2 December 11.76 6.31 17.0 1986 January 12.83 7.57 16.2 February 12.65 7.42 17.3 March 11.72 7.45 16.4 554W
3 month inter-bank rate (average over month) Bank and building societies lending to M4 private sector Current prices Real terms (Percentage annual growth) April 10.48 6.99 16.3 May 10.22 6.75 16.3 June 9.78 6.21 17.1 July 9.96 6.50 17.6 August 9.84 6.27 18.3 September 10.12 6.45 17.9 October 11.04 7.46 18.6 November 11.17 7.59 19.4 December 11.36 7.67 20.1 1987 January 11.05 7.16 20.4 February 10.86 6.88 19.7 March 9.97 5.93 19.2 April 9.80 5.91 19.6 May 8.82 4.87 19.5 June 8.90 5.17 19.3 July 9.21 5.35 19.6 August 10.04 6.17 18.8 September 10.16 6.41 20.1 October 9.98 5.81 19.3 November 8.95 4.73 18.9 December 8.77 4.57 19.0 1988 January 8.97 5.08 20.1 February 9.27 5.48 20.0 March 8.89 4.92 21.1 April 8.30 3.91 22.1 May 8.03 3.46 22.5 June 8.93 4.04 23.1 July 10.55 5.27 23.8 August 11.39 6.10 24.3 September 12.15 6.64 24.5 October 12.04 6.56 24.9 November 12.31 6.83 24.8 December 13.13 7.62 24.8 1989 January 13.14 7.25 24.6 February 13.02 6.95 24.3 March 13.05 6.91 24.3 April 13.13 6.78 23.4 May 13.14 6.72 23.2 June 14.15 7.80 22.4 July 13.92 7.68 21.5 August 13.85 7.73 21.8 September 14.02 7.73 22.0 October 15.02 8.42 21.3 November 15.11 8.53 20.8 December 15.12 8.55 21.2 1990 January 15.16 8.52 20.4 February 15.11 8.40 20.7 March 15.29 8.51 20.4 April 15.21 6.74 19.6 May 15.15 6.48 19.2 June 14.97 6.24 18.9 July 14.95 6.13 17.8 August 15.00 5.42 16.8 September 14.91 4.97 15.8 October 14.03 4.15 15.5 November 13.64 4.07 15.5 December 13.80 4.40 13.9 1991 January 13.97 5.01 13.2 February 13.25 4.32 12.4 March 12.40 3.66 11.1 April 11.95 4.85 10.7