asked the Chancellor of the Exchequer whether he will bring up to date the information on personal savings given in the reply of 9 June 1980, Official Report, c. 25.
The following table provides the latest estimates of personal saving as a percentage of gross national product at factor cost in each year from 1969 to 1981
Personal saving * as a percentage of gross national product at factor cost†
| |
Percentage
| |
1969 | 6·3 |
1970 | 7·3 |
1971 | 6·0 |
1972 | 7·9 |
1973 | 9·2 |
1974 | 9·7 |
1975 | 9·7 |
1976 | 8·9 |
1977 | 8·2 |
1978 | 10·0 |
1979 | 11·7 |
1980 | 12·7 |
1981 | 11·1 |
* Before providing for depreciation, stock appreciation and additions to tax reserves. | |
† Income-based. |
Personal saving is defined as in the United Kingdom national accounts, that is, as the difference between personal disposable income and consumers' expenditure.