§ Mr. John MarshallTo ask the Chancellor of the Exchequer if he will make a statement about the trend in personal savings.
§ Mr. LilleyThe personal sector saving ratio has fallen in recent years. However this has been largely offset by rises in saving by companies and the public sector, leaving total national savings broadly unchanged as a share of gross domestic product. Rises in interest rates in recent months will encourage more saving and less borrowing by households.