§ Mr. Teddy Taylorasked the Chancellor of the Exchequer how much money has been printed in each of the past 10 years.
§ Mr. Lawson[pursuant to his reply, 18 June 1981]: The total number and value of new notes issued in each of the past 10 years was:
Year to end-February Total number of notes issued Value of new notes issued Millions £ millions 1971 1,307 2,585 1972 1,342 2,735 1973 1,382 3,144 1974 1,413 3,471 1975 1,601 4,032 1976 1,625 4,761 1977 1,661 5,140 1978 1,691 5,505 1979 1,688 5,783 1980 1,819 6,894 The main reason for a steady supply of new notes is the need to replace worn-out notes, which are withdrawn from circulation.