§ Mr. Lawsonasked the Chancellor of the Exchequer if he will publish a table showing the percentage growth on both M1 and £ sterling M3 in the year to mid-October 1978 and in each of the previous four years.
§ Mr. Denzil DaviesThe information is as follows:
PERCENTAGE GROWTH (SEASONALLY ADJUSTED) IN THE YEAR TO MID-OCTOBER M1 £M3 1974 … … … … 6.4 11.6 1975 … … … … 17.6 9.6 1976 … … … … 13.9 9.8 1977 … … … … 19.2 7.9 1978 … … … … 16.1 14.0