HC Deb 23 April 1998 vol 310 c697W
34. Mr. Syms

To ask the Chancellor of the Exchequer what was the savings ratio, in the latest year for which figures are available; and what is his forecast for the savings ratio for(a) 1998–99, (b) 1999–2000 and (c) 2000–01. [38278]

Mrs. Liddell

The personal sector saving ratio was 11 per cent. in 1997. A modest cyclical fall in the saving ratio is expected over the next three years. But over the longer term the introduction of ISAs and policies to promote economic growth and stability will increase the incentive to save for investment.

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