§ Mr. Meacherasked the Chancellor of the Exchequer what has been the percentage rise in M3 both on an annual and monthly basis for the last three years; and what proportion of this, both annually and monthly, was accounted for, respectivley, by a rise in the public sector borrowing requirement and by a rise in bank lending to the private sector.
§ Mr. LawsonI regret that in the time available it has not been possible to provide the information requested. I shall write to the hon. Member.