§ Mr. John Huntasked the Chancellor of the Exchequer what estimate he has made of the extent to which the operations of the credit card companies have contributed to the recent growth in money supply;
Premium savings bond prices £m Price fund interest expressed as average for year (%) M.L.R./Bank rate expressed as average for year (%) 1956 … … — 4.0 5.500 1957 … … 2.6 4.0 5.604 1958 … … 6.3 4.0 5.452 1959 … … 8.8 4.0 4.500 1960 … … 10.5 4.21 5.359 1961 … … 13.5 4.5 5.671 1962 … … 15.4 4.5 4.851 1963 … … 17.2 4.5 4.000 1964 … … 19.3 4.5 5.041 1965 … … 21.6 4.5 6.425 1966 … … 23.9 4.5 6.471 1967 … … 25.9 4.5 6.159 1968 … … 28.2 4.54 7.466 1969 … … 32.1 4.625 7.844 1970 … … 34.5 4.625 7.226 1971 … … 37.6 4.677 5.918 1972 … … 42.3 4.75 5.900 1973 … … 46.2 4.813 9.882 1974 … … 51.9 5.19 11.936 1975 … … 57.4 5.5 10.790 1976 … … 61.3 5.521 11.717 1977 … … 66.4 5.625 8.468 1978 … … 70.8 5.625 9.130 1979* … … 65.2 5.75 13.280 *To end of October 1979 Note: Prizes are paid free of UK tax.