§ 50. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what was the annual rate of percentage increase in the money supply, M3, in the latest period of three months for which figures are available.
§ Mr. NottThe money stock—M3, seasonally adjusted—grew by some 6 per cent. in the three months to mid-May. Allowing for compounding, this is equivalent to an annual rate of increase of about 26 per cent.