§ Mr. WillettsTo ask the Secretary of State for Work and Pensions, pursuant to his answer of 19 July 2001,Official Report, column 414W, to the right hon. Member for Birkenhead (Mr. Field), how much was contributed to non-state pensions in each year between 1992 and 1998 adjusted in each case to 1997 price terms. [7916]
§ Mr. McCartneyThe figures for all years from 1992 are set out in the table. The figures show that there has been sustained growth in contributions to non-state pensions. The figures suggest that the stable economy has created the right conditions to save, and that our policies to encourage higher levels of private saving are having a positive effect.
Contributions to non-state pensions Year £ billion 1992 37.0 1993 41.0 1994 37.0 1995 38.0 1996 44.0 1997 50.0 1998 60.0 1999 65.0 2000 69.0 Notes:
1. All figures rounded to nearest £ billion. Figures for 1999 and 2000 are included to illustrate the continuing trend in saving.
2. These totals differ slightly in some years from figures previously released. This reflects differences in the methodology used.
Source:
MQ5 Survey, ONS, adjusted to 1997 prices