§ Mr. SoleyTo ask the Chancellor of the Exchequer what would be the capital value of(a) £1,000, (b) £2,000, (c) £3,000, (d) £4,000 and (e) £5,000 invested 18 years ago in (i) Government bonds, (ii) the average building society savings account and (iii) the average unit trust. [18862]
§ Mrs. Angela KnightCapital values of £1,000 invested 18 years ago are as follows:
Investment Capital value Period of investment (i) Government bonds £7,587 End December 1977 to December 1995 (ii) average building society savings account data not available over this period (iii) Unit trusts £14,230 End February 1978 to February 1996 The earliest published data for average building society savings account rates start in January 1984. The capital values of £1,000 invested 12 years ago are as follows:
Investment Capital value Period of investment (i) Government bonds £3,616 end December 1983 to December 1995 (ii) average building society savings account £2,295 end December 1983 to December 1995 (iii) unit trusts £4,795 end December 1983 to December 1995 All the above figures assume that interest and dividend payments are reinvested in the same investment instruments.
Source:
FT Actuaries Government All Stock index of total returns.
Building Societies Commission, published in CSO Financial Statistics.
UK Growth unit trust sector, on an offer to bid basis; data collated by Micropal.