§ Mr. David Priceasked the Chancellor of the Exchequer if he will give the figures for the annual increase in money supply for each of the last 10 years, using both the Ml and the M3 measures of money supply, respectively; and if he will also give the appropriate annual figure for the depreciation in the value of the £.
§ Mr. DellThe information requested is as follows:
Percentage Changes Ml* M3* Internal Purchasing Power of the Pound † 1964 … +3.7 +5.7 -4½ 1965 … +4.0 +7.7 -4½ 1966 … +0.0 +3.7 -3½ 1967 … +8.6 +9.9 -2½ 1968 … +4.1 +7.'7 -5½ 1969 … +0.3 +3.1 -4½ 1970 … +9.4 +9.6 -7½ 1971 … +10.9 +13.0 -8½ 1972 … +13.7 +25.8 -7 1973 … +5.2 +27.5 -9½ * Percentage change between end of previous year and end of year shown. † Percentage change between mid-December of previous year and mid-December of the year shown (based on changes in the General Index of Retail Prices).