§ Mr. Knoxasked the Chancellor of the Exchequer (1) by what percentage sterling M3 rose in the 12-month periods prior to the beginning of each month from January 1979 to November 1981;
(2) by what percentage M1 rose in the 12-month periods prior to the beginning of each month from January 1979 to November 1981;
(3) by what percentage M3 rose in the 12-month periods to the beginning of each month from January 1979 to November 1981.
§ Mr. Bruce-GardyneMoney supply figures based on the beginning of calendar months are not available. On a banking month basis the 12 month increases in M1, £M3 and M3 over this period are as follows—the latest published data are for banking September 1981:
11W
Change, per cent M1 M3 £M3 1978 December 15.2 14.6 13.6 1979 January 14.5 15.1 14.1 February 13.3 14.1 12.9 March 12.7 11.4 11.3 April 15.4 10.1 11.3 May 13.8 10.1 11.6 June 13.1 10.6 11.8 July 13.0 9.6 11.2 August 12.6 11.8 12.8 September 12.0 11.7 12.5 October 14.5 12.9 13.6 November 11.1 13.4 13.5 December 8.7 11.6 11.9 1980 January 7.6 10.4 11.0 February 5.1 10.0 10.5 March 5.8 12.8 12.5 April 3.2 12.4 11.0 May 2.5 13.1 11.6 June 3.8 12.5 12.0 July 5.5 17.1 16.8 August 3.7 18.2 17.6 September 3.6 17.4 17.3 October 1.5 17.0 17.6 November 3.7 17.2 18.6 December 6.9 19.2 20.0 1981 January 5.4 19.8 18.6 February 8.8 20.5 18.6 March 7.4 20.5 18.3
Change, per cent. M1 M3 £M3 April 11.3 21.5 19.8 May 12–6 21.7 19.6 June 12.1 22.6 18.7 July 11–8 20.8 15.4 August 9.9 20.2 14.4 September 11.7 22.9 16.6