§ Mr. Knoxasked the Chancellor of the Exchequer what percentage of the national income has been devoted to saving in each year since 1964.
§ Mr. NottIn the national accounts, the nation's total saving is defined as equal to its expenditure on investment—including stockbuilding and net investment abroad. Figures of total saving on this basis are given below:
Gross saving* as a percentage of gross national product at factor cost Net saving† as a percentage of national income 1964 … … 21.2 13.3 1965 … … 21.6 13.6 1966 … … 21.7 13.6 1967 … … 20.9 12.6 1968 … … 21.5 13.0 1969 … … 23.3 14.8 1970 … … 23.9 15.2 1971 … … 23.0 14.1 1972 … … 19.6 10.0 * After deducting stock appreciation. † After deducting stock appreciation and capital consumption.