Early day motion 854

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PUBLICLY CREATED MONEY AND MONETARY REFORM

  • Session: 2002-03
  • Date tabled: 10.03.2003
  • Primary sponsor: Chaytor, David
  • Sponsors:

    That this House, concerned at the rising burden of private debt, public borrowing, student borrowing and public-private finance initiatives, notes that the proportion of publicly created money in circulation has fallen from 20 per cent. of the money supply in 1964 to 3 per cent. today; believes that increasing the proportion of publicly created money in issue could provide a new means of financing public investment; further notes that the use of publicly created money can significantly reduce the cost of public investment by eliminating the need to pay interest; accepts that such a policy can be adopted without any impact on inflation if suitable regulatory changes are made; and therefore calls upon the Government and the Treasury Committee to commission and publish independent reviews on the procedures for and benefits of increasing the proportion of publicly created money in the economy.

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Total number of signatures: 29

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Showing 29 out of 29

Name Party Constituency Date Signed
Austin, John Labour Party Erith and Thamesmead 14.03.2003
Barnes, Harry Labour Party North East Derbyshire 11.03.2003
Best, Harold Labour Party Leeds North West 10.03.2003
Caton, Martin Labour Party Gower 10.03.2003
Chaytor, David Labour Party Bury North 10.03.2003
Clapham, Michael Labour Party Barnsley West and Penistone 13.03.2003
Coleman, Iain Labour Party Hammersmith and Fulham 15.09.2003
Corbyn, Jeremy Labour Party Islington North 12.03.2003
Crausby, David Labour Party Bolton North East 09.04.2003
Cryer, Ann Labour Party Keighley 11.03.2003
Dobbin, Jim Labour Party Heywood and Middleton 18.03.2003
Drew, David Labour Party Stroud 12.03.2003
Etherington, Bill Labour Party Sunderland North 19.05.2003
Harvey, Nick Liberal Democrats North Devon 19.11.2003
Hopkins, Kelvin Labour Party Luton North 11.03.2003
Illsley, Eric Labour Party Barnsley Central 11.03.2003
Jones, Lynne Labour Party Birmingham Selly Oak 11.03.2003
Jones, Nigel Liberal Democrats Cheltenham 02.04.2003
King, Andy Labour Party Rugby and Kenilworth 15.10.2003
Llwyd, Elfyn Plaid Cymru Meirionnydd Nant Conwy 03.06.2003
McDonnell, John Labour Party Hayes and Harlington 10.03.2003
McNamara, Kevin Labour Party Kingston upon Hull North 13.03.2003
Mitchell, Austin Labour Party Great Grimsby 10.03.2003
Price, Adam Plaid Cymru Carmarthen East and Dinefwr 20.05.2003
Sanders, Adrian Liberal Democrats Torbay 17.03.2003
Simpson, Alan Labour Party Nottingham South 10.03.2003
Smith, Llew Labour Party Blaenau Gwent 11.03.2003
Taylor, David Labour Party North West Leicestershire 11.03.2003
Vis, Rudi Labour Party Finchley and Golders Green 10.03.2003