§ Mr. Ridleyasked the Chancellor of the Exchequer if he will state for 1966–67 the following approximate figures of savings, namely, net saving by private individuals, net saving by companies, net saving by pension and other such funds, 130W net saving by nationalised industries, saving by investment grants out of taxation, Budget surplus applied to investment, and total of national saving.
§ Mr. Harold LeverEstimates of saving in 1966–67 are given below:
£ million Personal: Life assurances and pension funds 1,158 Other personal saving 487 Companies 3,259 Public corporations 688 Central Government 1,132 Local authorities 477 Total national saving (before providing for depreciation and stock appreciation) 7,201 No investment grants were paid during the financial year 1966–67, but the figures for personal and company saving reflect reductions in tax resulting from the previous system of investment allowances.
The figures have been derived from Tables 2 and 8 of the November, 1967 issue of Financial Statistics (H.M.S.O.).