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Statistics

Volume 976: debated on Friday 21 December 1979

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asked the Chancellor of the Exchequer if he will circulate in the Official Report,a table showing for each year from 1952 and the current year to date, the percentage increase in the following: output of the whole economy, the output of manufacturing industries, wholesale prices, wholesale prices less food and so on, retail prices, earnings, the money supply and domestic credit expansion, lagged by one and two years.

Figures from which percentage changes may be calculated are available for the output of the whole economy, the output of manufacturing industries and retail prices for all years from 1952, wholesale prices (output prices of all manufactured products, home sales) from 1954, and earnings (average earnings in Great Britain) and the money supply (M1, sterling M3, and M3) from 1963, in Economic Trends Annual Supplement. Figures from 1954 for wholesale prices less food and so on (output prices of all manufactured products excluding food, drink and tobacco industries) were given by the Under-Secretary of State for Industry on 23 November 1979 to the hon. Member. More recent data are published regularly in Economic Trends, Financial Statistics and the Monthly Digest of Statistics. Comprehensive money supply figures for years earlier than 1963 are not available; however, approximate figures for M3 at the end-of-year back to 1951 are given in the Bank of England Statistical Abstract Number 1 1970. As I have explained in previous answers to the hon. Member, there are no stock figures for domestic credit expansion from which percentage increases may be calculated.