HC Deb 05 February 1980 vol 978 cc133-4W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what has been the increase in acceptance credits each year since 1970 and each quarter since 1 January 1976; and what proportion this bears to sterling M3.

Mr. Lawson

Mid-monthly figures from January 1970 to April 1975 for acceptance credits, taken to be the total acceptances granted by banks in the United Kingdom, are given in the Bank of England Statistical Abstract No. 2, 1975, table 8/1. To September 1971 the figures exclude acceptances granted by deposit banks, statistics of which were not compiled. Figures for later months are given in successive issues of theBank of England Quarterly Bulletin, table 3.1 in the latest issue, which is for December 1979.

Quarterly changes in sterling M3 since 1963 are given in Economic Trends, annual supplement, 1980 edition (page 138).