Money Supply

HC Deb 22 January 1980 vol 977 c194W

Mr. Knox

asked the Chancellor of the Exchequer what has been the increase in the money supply (M3) in each year since 1945.

Mr. Lawson

Statistics of money supply M3, as those for M1 dealt with in my answer to my hon. Friend on 17 January, have been officially compiled only from 1963. The sources of the statistics of M3 since 1963 are the same as those for M1 given in that answer.

Figures on a more approximate basis for M3 outstanding at end-of-year from 1951 to 1962, compiled from less comprehensive information from banks than is available for 1963 onwards, are given in Bank of England Statistical Abstract number 1 1970, page 81.