The M1 money supply in the United Kingdom saw rapid growth between 2000 and 2023, with a particularly sharp spike in 2020 due to quantitative easing measures in response to the COVID-19 pandemic. While this upward trend persisted through 2021 and 2022, it significantly slowed, with 2022 marking the slowest growth since 2011. By 2023, the M1 money supply experienced its first decline in over a decade.
Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023
(in billion GBP)
The source adds the following information: Figures refer to monthly amounts outstanding of monetary financial institutions' sterling and all foreign currency M1 (UK estimate of EMU aggregate) liabilities to private and public sectors.
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Bank of England. (September 11, 2024). Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/
Bank of England. "Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP)." Chart. September 11, 2024. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/
Bank of England. (2024). Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/
Bank of England. "Value of M1 Money Stock in The United Kingdom (Uk) from 2000 to 2023 (in Billion Gbp)." Statista, Statista Inc., 11 Sep 2024, https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/
Bank of England, Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP) Statista, https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/ (last visited November 26, 2024)
Value of M1 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP) [Graph], Bank of England, September 11, 2024. [Online]. Available: https://www.statista.com/statistics/1409326/uk-banking-total-money-supply-m1/
