The M2 money supply in the United Kingdom increased rapidly between 2000 and 2023, with a particularly sharp increase in 2020 as a result of the quantitative easing in response to the COVID-19 pandemic. The rising tendency continued between 2021 and 2022, and by December 2022, the M2 money supply in the UK exceeded three trillion British pounds. 2023 marked the first year in over a decade that the M2 money supply declined, but it remained above three trillion British pounds.
Value of M2 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 M2 (UK estimate of EMU aggregate) liabilities to private and public sectors.
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Bank of England. (September 11, 2024). Value of M2 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/1409338/uk-banking-total-money-supply-m2/
Bank of England. "Value of M2 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/1409338/uk-banking-total-money-supply-m2/
Bank of England. (2024). Value of M2 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/1409338/uk-banking-total-money-supply-m2/
Bank of England. "Value of M2 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/1409338/uk-banking-total-money-supply-m2/
Bank of England, Value of M2 money stock in the United Kingdom (UK) from 2000 to 2023 (in billion GBP) Statista, https://www.statista.com/statistics/1409338/uk-banking-total-money-supply-m2/ (last visited November 26, 2024)
Value of M2 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/1409338/uk-banking-total-money-supply-m2/
