United Kingdom | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
United Kingdom | Claims on central government (annual growth as % of broad money)
1960
1.00758085 1961
44.74544605 1962
4.31174282 1963
8.42760677 1964
8.79002079 1965
5.4430184 1966
23.92148082 1967
14.12398922 1968
-52.25400817 1969
61.76829268 1970
6.90366078 1971
6.90520721 1972
16.11959826 1973
9.30211508 1974
20.71388496 1975
-0.10473554 1976
-9.2264366 1977
6.89190569 1978
2.75832576 1979
9.1621917 1980
-46.39308971 1981
2.05415799 1982
-0.82238388 1983
-1.91365128 1984
4.42766065 1985
-2.8318353 1986
-0.58645765 1987
-1.09953241 1988
2.17113212 1989
1.94556311 1990
-0.41963229 1991
-1.18115419 1992
0.04900876 1993
5.71244492 1994
0.38993919 1995
0.5394932 1996
-1.11388134 1997
-1.76178331 1998
0.30818331 1999
-2.4091181 2000
0.59722351 2001
0.96792818 2002
-0.64086212 2003
0.64537372 2004
-0.14416459 2005
-1.14099931 2006
-0.43734766 2007
0.46187236 2008
7.91291354 2009
2.92125065 2010
3.98337063 2011
3.68931615 2012
0.25087985 2013
1.98667359 2014
-0.25508731 2015
3.24832622 2016
-0.35471541 2017
-0.64143264 2018
0.83960023 2019
9.35423203 2020
2.44920857 2021
-6.9486904 2022

United Kingdom | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
United Kingdom of Great Britain and Northern Ireland
Records
63
Source