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Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report a table comparing the increase in sterling M3 with the increase in domestic credit expansion for the five banking months before and the five banking months after mid-June 1979, together with an explanation for the difference in the rate of growth before and after mid-June.
Mr. Lawson
The information is as follows:
Five banking months to mid June £ million | Five banking months after mid June £ million | |
DCE | 3,434 | 5,211 |
£M3 | 2,115 (4·2%) | 2,772 (5·2%) |