§ 113. Mr. Teddy TaylorTo ask the Chancellor of the Exchequer what has been the average annual increase in the money supply on an M0 basis over the past two years; and what estimate he has made of the increase in the current year.
§ Mr. LilleyThe annual increase was 4.9 per cent. in 1987–88 and 7.2 per cent. in 1988–89. No forecast has been published for 1989–90 but a target range of 1 to 5 per cent. was set in the "Financial Statement and Budget Report".