HC Deb 14 December 1983 vol 50 cc450-1W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what is his estimate of the savings ratio in the case of the marginal increase in real incomes in the economy as a whole.

Mr. Hayhoe

The proportion of income saved from marginal increases in income will depend on many factors including inflation, financial wealth and real and nominal interest rates. It may also be influenced in the short run by the source of the increase and its distribution between sectors in the economy.

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