§ Mr. Lawsonasked the Chancellor of the Exchequer if he will provide a table showing the annual rates of growth of both £1 million and £3 million, on a seasonally adjusted basis, over the three months and six months to mid-March 1978, and similarly over the three months and six months to mid-March 1974.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 7th April 1978], gave the following answer:
The information is as follows:
Mid-March 1978 Per cent. Mid-March 1974 Per cent. Annualised growth rate over preceding 3 months M1 +19.8 +5.1 Sterling M3 +16.2 +16.3 Annualised growth rate over preceding 6 months M1 +20.5 +4.2 Sterling M3 +15.2 +23.4