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PUBLICLY CREATED MONEY AND MONETARY REFORM

EDM (Early Day Motion) 854: tabled on 10 March 2003

Tabled in the 2002-03 session.

This motion has been signed by 29 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

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.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Coleman, Mr Iain
Labour
Signed on 15 September 2003
Hammersmith and Fulham
Corbyn, Jeremy
Labour
Signed on 12 March 2003
Islington North
Crausby, Mr David
Labour
Signed on 9 April 2003
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 11 March 2003
Keighley
Dobbin, Jim
Labour
Signed on 18 March 2003
Heywood and Middleton
Drew, Mr David
Labour
Signed on 12 March 2003
Stroud
Etherington, Bill
Labour
Signed on 19 May 2003
Sunderland North
Harvey, Nick
Liberal Democrat
Signed on 19 November 2003
North Devon
Hopkins, Kelvin
Labour
Signed on 11 March 2003
Luton North
Illsley, Mr Eric
Labour
Signed on 11 March 2003
Barnsley Central
Jones, Lynne
Labour
Signed on 11 March 2003
Birmingham, Selly Oak
Jones, Mr Nigel
Liberal Democrat
Signed on 2 April 2003
Cheltenham
King, Andy
Labour
Signed on 15 October 2003
Rugby and Kenilworth
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 3 June 2003
Meirionnydd Nant Conwy
McDonnell, John
Labour
Signed on 10 March 2003
Hayes and Harlington
McNamara, Mr Kevin
Labour
Signed on 13 March 2003
Kingston upon Hull North
Mitchell, Mr Austin
Labour
Signed on 10 March 2003
Great Grimsby
Price, Adam
Plaid Cymru
Signed on 20 May 2003
Carmarthen East and Dinefwr
Sanders, Mr Adrian
Liberal Democrat
Signed on 17 March 2003
Torbay
Simpson, Alan
Labour
Signed on 10 March 2003
Nottingham South
Smith, Llew
Labour
Signed on 11 March 2003
Blaenau Gwent
Taylor, David
Labour
Signed on 11 March 2003
North West Leicestershire
Vis, Dr Rudi
Labour
Signed on 10 March 2003
Finchley and Golders Green

There are no withdrawn signatures for this motion.