§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will update the table published in the Official Report in answer to a written question from Mr. Bryan Gould on 28 November 1977 concerning the flow of money and prices; and if he will add a column giving the figures for the increase in sterling M3.
§ Mr. LawsonThe basic information required to revise and update the figures supplied to Mr. Bryan Gould on 28 November 1977 for the flow of money may be obtained from the first column of the table on page 83 of the October 1980 edition ofEconomic Trends. Figures for sterling M3 from the beginning of 1972 are given in table 7.1 (continued) in the October 1980 edition of Financial Statistics. Comparable figures for 1970 and 1971 can be derived from page 138 of Economic Trends Annual Supplement 1980 Edition.
The following table gives percentage changes in each quarter since 1970 in the implied deflator of total final expenditure.
112W
Change over preceding quarter in the implied deflator of total final expenditure* Percentage 1971 1st Quarter +1.7 2nd Quarter +2.6 3rd Quarter +2.1 4th Quarter +1.6 1972 1st Quarter +0.9 2nd Quarter +1.7 3rd Quarter +2.8 4th Quarter +2.1 1973 1st Quarter +2.4 2nd Quarter +0.9 3rd Quarter +4.0 4th Quarter +4.7 1974 1st Quarter +5.1 2nd Quarter +5.9 3rd Quarter +5.2 4th Quarter +5.2 1975 1st Quarter +6.8 2nd Quarter +5.2 3rd Quarter +4.8 4th Quarter +3.7 1976 1st Quarter +3.2 2nd Quarter +3.5 3rd Quarter +3.6 4th Quarter +4.2 1977 1st Quarter +3.7 2nd Quarter +3.0 3rd Quarter +2.8 4th Quarter +1.2 1978 1st Quarter +2.1 2nd Quarter +2.5 3rd Quarter +2.4 4th Quarter +1.8 1979 1st Quarter +2.6 2nd Quarter +3.9 3rd Quarter +5.5 4th Quarter +3.4 1980 1st Quarter +3.9 2nd Quarter +4.7 *Based on seasonally adjusted data.