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Money Supply And Domestic Credit

Volume 978: debated on Monday 11 February 1980

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asked the Chancellor of the Exchequer whether he will circulate in the Official Reporta table showing for 1968 and 1978 the corresponding figures to those included in table 22 on page 171 of the Radcliffe report on the working of the monetary system, Cmnd. 827, together with an explanation of any differences in coverage.

Data on liquid assets of the personal sector, from which figures for 1968 and 1978 corresponding to those given in table 22 on page 171 of the Radcliffe report can be calculated, are published regularly in Financial Statistics (table 10.4 in the latest issue). The figures for bank deposits cover deposits with all banks in the United Kingdom. Data on personal disposable income are give in Financial Statistics table 10.1.

asked the Chancellor of the Exchequer what has been the percentage growth in (a) sterling M3, (b) M3 and (c) domestic credit expansion in each of the last six available months.

(a) and (b) are given in the January 1980 issue of Financial Statistics table 7.1. Regarding part (c), no stock figure of domestic credit expansion is available from which percentage changes can be calculated. The available information is shown in Financial Statistics table 7.3.