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Abbreviations Most Commonly Used

Volume 939: debated on Monday 21 November 1977

The text on this page has been created from Hansard archive content, it may contain typographical errors.

Real economy

  • CEGS—Current Expenditure on Goods and Services.
  • GDFCF—Gross Domestic Fixed Capital Formation.
  • GDP—Gross Domestic Product.
  • GNP—Gross National Product.
  • PDI—Personal Disposable Income.
  • RNDI—Real National Disposable Income.
  • RPDI—Real Personal Disposable Income.

Monetary

  • CGBR—Central Government Borrowing Requirement.
  • DCE—Domestic Credit Expansion.
  • EMU—European and Monetary Union (European Community).
  • EUA—European Unit of Account (European Community).
  • IBELS—Interest Bearing Eligible Liabilities (of banks).
  • IPD—Interest, profits and dividends.
  • M3—The broader measure of the money supply; briefly, cash plus bank deposits by United Kingdom residents.
  • M1—The narrower measure of the money supply; limited to cash plus sight deposits.
  • £M3—Sterling M3—excludes United Kingdom residents' deposits in other currencies.
  • MLR—Minimum Lending Rate.
  • PSBR—Pubic Sector Borrowing Requirement.
  • SDRs—Special Drawing Rights (at the IMF).
  • UA—Unit of Account.

Prices and Earnings

  • FES—Family Expenditure Survey
  • NES—New Earnings Survey.
  • WPI—Wholesale Price Index.
  • RPI—Retail Price Index.

Taxation, etc.

  • ACT—Advance Corporation Tax.
  • CGT—Capital Gains Tax.
  • CT—Corporation Tax.
  • CTA—Child Tax Allowance.
  • CTT—Capital Transfer Tax.
  • NIC—National Insurance Contribution.
  • NIS—National Insurance Surcharge.
  • PAYE—Pay-As-You-Earn (income Tax Schedule E).
  • VAT—Value Added Tax.

Organisations

  • BIS—Bank for International Settlements.
  • BNOC—British National Oil Corporation.
  • BP—British Petroleum Limited.
  • BR—British Rail.
  • BSC—British Steel Corporation.
  • CAA—Civil Aviation Authority.
  • CBI—Confederation of British Industry.
  • CSO—Central Statistical Office.
  • ECGD—Export Credits Guarantees Department.
  • EEC—European Economic Community.
  • EIB—European Investment Bank.
  • IBRD—International Bank for Reconstruction and Development.
  • IMF—International Monetary Fund.
  • NCB—National Coal Board.
  • NEB—National Enterprise Board.
  • NEDC—National Economic Development Council.
  • NEDO—National Economic Development Office.
  • NSB—National Savings Banks.
  • OECD—Organisation for Economic Cooperation and Development—includes industrialised countries and advanced primary producing countries.
  • Organisation of Petroleum Exporting Countries.
  • PWLB—Public Works Loan Board.
  • TSB—Trustee Savings Banks.
  • TUC—Trades Union Congress.

Other

  • CAP—Common Agricultural Policy.
  • FIS—Financial Information System
  • FSBR—Financial Statement and Budget Report.
  • LDCs—Less Developed Countries.
  • NLF—National Loans Fund.
  • PES—Public Expenditure Survey.
  • RSG—Rate Support Grant (to local authorities.
  • SIC—Standard Industrial Classification.
  • SITC—Standard Industrial Trade Classification.