§ 29. Mr. Kenneth Baker
asked the Chancellor of the Exchequer what was the level of savings in 1970 compared to the three previous years.
§ Mr. Barber
The ratio of personal saving to total disposable income in the first nine months of 1970 was 8.3 per cent., compared with figures of 8.0, 7.5 and 7.8 in 1967, 1968 and 1969.
Figures for the fourth quarter of 1970 are not yet available, but the recent good results for national savings are encouraging.
§ 50. Mr. Stratton Mills
asked the Chancellor of the Exchequer if he will introduce legislation to establish contractual group schemes with appropriate tax measures to encourage savings.
§ 54. Mr. Sillars
asked the Chancellor of the Exchequer what measures he will take to ensure that every family is able to accumulate savings.
§ Mr. Maurice Macmillan
The Government have undertaken to examine further methods of encouraging savings. But the most effective way is to improve national prosperity and economic growth. This the Government's policies are designed to do.