§ Mr Gouldasked the Chancellor of the Exchequer what were the rates of growth in the United Kingdom money supply, as measured by MO, M1, M3 and £M3, in the years 1979 to 1984; and what information he has as to the equivalent or nearest equivalent figures for the United States of America, Japan, Germany and Australia, respectively.
§ Mr. Ian Stewart[pursuant to his reply, 8 March 1985, c. 641]: The information requested for the UK appears in "Financial Statistics." Monetary data for other countries are published in the IMF's "International Financial Statistics." For the narrow aggregates the IMF series nearest in concept to those of the UK are "Reserve Money" (for MO) and "Money" (for M1). For broad money the sum of the IMF's series for "Money" and "Quasi-Money"—which includes residents' foreign currency deposits—can be regarded as an approximation for M3. For other countries there is no readily available equivalent to £M3.