Mr. Hordernasked the Chancellor of the Exchequer if he will publish a table showing the movement of MO as a monetary measure from 1969, each year, to the latest convenient date.
§ Mr. MooreThe following table shows the movement of MO, the wide monetary base annually from 1969 to 1982 and in the nine months ended mid-September 1983
12 months to mid-December Change in MO* £ millions per cent. 1969 +127 +3.3 1970 190 +4.8 1971 +228 +5.5 1972 +638 +14.6 1973 +411 +8.2 1974 +885 +16.3 1975 +657 +10.4 1976 +745 +10.6 1977 +1,313 +16.9 1978 +1,177 +13.0 1979 +1,097 +10.7 1980 +586 +5.2 1981 +528 +4.4 1982 +498 +4.1 ‡1983 †+591 †+4.8 * MO equals Notes and coin in circulation with the public plus Notes and coin held by banks plus Bankers' operational deposits at the Bank of England. † Seasonally adjusted. ‡ Nine months to mid-September 1983. The figures shown in the table have been revised since data from 1969 to February 1981 were first published in a statistical note in the March 1981 edition of the Bank of England Quarterly Bulletin.