HC Deb 15 July 1983 vol 45 cc460-1W
Mr. Gould

asked the Chancellor of the Exchequer how the velocity of circulation of money in the United Kingdom compares with that of other industrial countries; and whether he will publish in the Official Report a table showing the change in the velocity of circulation in each case since 1973.

Mr. John Moore

The information requested is contained in the following table:

Sources:

United Kingdom—£M3: Financial Statistics.

Canada—M3: Bank of Canada.

United States of America—M2: Federal Reserve.

Japan—M1 plus quasi-money: OECD Main Economic Indicators.

Germany—M3: Bundesbank.

France—M1 plus quasi-money: OECD Main Economic Indicators.

Italy—M1 plus quasi-money: OECD Main Economic Indicators.