HC Deb 25 February 1991 vol 186 c339W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer what assessment he has made of the effect on the saving ratio of reduced borrowing and additional savings in recent periods.

Mr. Maples

The personal sector saving ratio has risen from 4½ per cent. in the third quarter of 1988 to nearly 9 per cent. in the third quarter of 1990. Over this period, the year-on-year growth rate of real consumers' expenditure has fallen from nearly 7 per cent. to just over 2 per cent., while the growth of personal sector borrowing has fallen from over 22 per cent. to 13 per cent..

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