§ Mr. LawsonTo ask the Chancellor of the Exchequer if he will publish a table showing, for each quarter from the first quarter of 1977 to the first quarter of 1991 inclusive, the total United Kingdom short-term interest rate, using(a) the retail prices index excluding mortgage interest payments and (b) the retail prices index as the deflator.
§ Mr. Norman LamontThe information requested is in the following table:
316W
Percentage increase on a year earlier 3 month interbank rate less RPI excluding mortgage interest payments 3 month interbank rate less RPI 1977 Q1 -3.8 -3.9 Q2 -8.0 -8.0 Q3 -8.3 -8.3 Q4 -6.9 -6.5 1978 Q1 -3.3 -2.6 Q2 0.6 1.2 Q3 1.5 1.6 Q4 3.5 3.3 1979 Q1 3.7 2.8 Q2 2.5 1.4 Q3 -0.9 -1.6 Q4 -0.7 -1.3 1980 Q1 -0.3 -1.2 Q2 -2.8 -3.6 Q3 0.7 -0.2 Q4 1.2 0.2 1981 Q1 0.6 0.6 Q2 0.2 0.7 Q3 2.2 2.7 Q4 3.1 3.3 1982 Q1 3.3 2.9 Q2 4.0 3.6 Q3 3.5 3.2 Q4 2.9 3.5 1983 Q1 4.6 5.9 Q2 5.3 6.1 Q3 4.6 5.0 Q4 4.3 4.1
Percentage increase on a year earlier 3 month interbank rate less RPI excluding mortgage interest payments 3 month interbank rate less RPI 1984 Q1 4.6 3.9 Q2 4.1 3.9 Q3 6.7 6.2 Q4 5.8 5.1 1985 Q1 7.8 7.1 Q2 7.0 5.3 Q3 6.0 5.1 Q4 6.1 5.8 1986 Q1 7.6 7.2 Q2 6.7 7.2 Q3 6.5 7.2 Q4 7.6 7.6 1987 Q1 6.7 6.4 Q2 5.4 4.8 Q3 6.0 5.3 Q4 5.0 4.9 1988 Q1 5.1 5.4 Q2 3.8 4.0 Q3 5.9 5.6 Q4 7.0 5.6 1989 Q1 7.1 5.0 Q2 7.1 4.9 Q3 7.7 5.8 Q4 8.5 7.0 1990 Q1 8.5 6.9 Q2 6.5 4.9 Q3 5.5 4.1 Q4 4.2 3.5 1991 Q1 4.3 4.1