§ Mr. LawsonTo ask the Chancellor of the Exchequer if he will publish a table showing the annualised rate of growth of sterling M3 for the eight months from mid-June 1979 to mid-April 1980, and for each subsequent financial year from 1980–81.
§ Mr. Norman LamontSterling M3 is no longer published. For M4, the nearest current measure of money stock, the information requested is shown in the table:
12-month growth rates of M4 Financial year Percentage change June 1979 to March 1980 111.9 1980–81 17.4 1981–82 13.9 1982–83 14.4 1983–84 11.7 1984–85 13.8 1985–86 14.5 1986–87 14.1 1987–88 16.8 1988–89 18.1 1989–90 17.9 1990–91 9.8 1 Change between June 1979 and March 1980 at an annual rate.