§ Mr. CousinsTo ask the Chancellor of the Exchequer (1) what is the cumulative growth in sterling M3 from 1979 to the present;
(2) what was the cumulative growth in sterling M3 from May 1979 to 1984 and from 1984 to the present;
(3) what was the average growth of sterling M3 in the years 1970 to 1974, 1974 to 1979, 1979 to 1983 onwards;
(4) what was the percentage growth of sterling M3 in each year since 1970.
§ Mr. LilleySterling M3 was retitled M3 in 1987. Figures from M3 from 1963 to 1988 were published in the January 1989 volume ofFinancial Statistics; more recent data are available in subsequent numbers of Financial Statistics or in Bank of England Quarterly Bulletin. Annex 7 of "Breaks in Monetary Series" (Bank of England discussion paper No. 23) discusses the calculation of growth rates of monetary series.