§ Mr. Lawsonasked the Chancellor of the Exchequer if he will publish a table showing, for each of the last six financial years from 1971–72 to 1976–77, and using best estimates for 1976–77 where final figures are not yet available, domestic credit expansion, together with a
Financial year* DCE† PSBR, less non-bank private sector purchases of public sector debt Bank sterling lending to private sector ‡ Bank sterling lending overseas§ £ million Per cent. Per cent. Per cent. 1971–72 … … … 2,370 -28 120 8 1972–73 … … … 6,937 20 79 1 1973–74 … … … 7,797 22 73 5 1974–75 … … … 6,346 49 40 1 1975–76 … … … 5,135 104 -12 8 1976–77* … … … 6,804 48 48 4 * On a calendar quarter basis. For 1976–77, the figures cover only the first three quarters of the financial year; figures for the fourth quarter will be published in the June issue of the Bank of England Quarterly Bulletin. † DCE on new definition; figures not seasonally adjusted. ‡ Including Issue Department transactions in commercial bills. § This is the only "residual factor". Source: Bank of England Quarterly Bulletin, March 1977, Table 11/3.