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Household Finance

Volume 450: debated on Wednesday 11 October 2006

To ask Mr Chancellor of the Exchequer what information he has collated on household savings ratios, broken down by (a) household type and (b) band of income, for each year since 1997. (90454)

The information falls within the responsibility of the National Statistician, who has been asked to reply.

Letter from Karen Dunnell, dated 9 October 2006

As National Statistician, I have been asked to reply to your recent Parliamentary Question on households saving ratio. (90454)

We are unable to provide households saving ratios, broken down by household type or band of income. The following table shows the households saving ratio for the whole of the UK.

Households saving ratio

1997

9.5

1998

7.0

1999

5.3

2000

5.1

2001

6.4

2002

5.0

2003

4.9

2004

3.7

2005

4.8

Note:

When using Table A40 of United Kingdom Economic Accounts (weblink given below) the database identifier is NRJS.

The estimates of the households saving ratio are national accounts series for the combined household and non-profit institutions serving households (NPISH) sectors. Estimates for households alone are not available. NPISHs are legal entities which are principally engaged in the production of non-market services for households and whose main resources are voluntary contributions by households. Examples of NPISHs are: charities; relief and aid organisations; educational establishments: trade unions; professional associations, political parties and religious organisations, and sports clubs and associations.

Further data are available from table A40 in United Kingdom Economic Accounts which is available at the following address: http://statistics.gov.uk/StatBase/Product.asp?vlnk=1904&Pos=ColRank=1&Rank=422