§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will bring up to date the information on money supply given in the reply dated 18 December 1979, Official Report, c. 131, to the hon. Member for Grimsby.
§ Mr. Bruce-GardyneThe information is as follows:
9W
Percentage increase in real money supply* (not seasonally adjusted) Year Per cent. 1973 1st Quarter 1.1 2nd Quarter 3.5 3rd Quarter 3.0 4th Quarter 3.5 1974 1st Quarter -4.3 2nd Quarter -3.7 3rd Quarter -3.4 4th Quarter 0.3
Year Per cent. 1975 1st Quarter - 7.1 2nd Quarter - 2.9 3rd Quarter - 1.4 4th Quarter - 1.3 1976 1st Quarter - 3.8 2nd Quarter 0.8 3rd Quarter 0.7 4th Quarter - 1.5 1977 1st Quarter - 6.0 2nd Quarter 1.3 3rd Quarter 0.8 4th Quarter 3.3 1978 1st Quarter -0.3 2nd Quarter 1.4 3rd Quarter 0.7 4th Quarter 3.0 1979 1st Quarter -4.2 2nd Quarter 0.1 3rd Quarter - 1.3 4th Quarter 1.0 1980 1st Quarter - 5.9 2nd Quarter 3.3 3rd Quarter 1.4 4th Quarter 5.1 1981 1st Quarter - 4.1 2nd Quarter 3.5 3rd Quarter 2.4 * Sterling M3 deflated by the implied deflator for total domestic expenditure (mid-1975= 100).