HC Deb 06 June 1967 vol 747 c165W
64. Sir C. Osborne

asked the Chancellor of the Exchequer what percentage of the gross national product has been consumed privately for each of the last 10 years; why this is higher than most of Great Britain's industrial competitors; and what steps he is taking to reduce it.

Mr. MacDermot

The Government's measures to restrain the rise in consumption have contributed to the decline in the proportion of g.n.p. going to consumption in recent years.

Proportion of gross national product at current market prices devoted to private consumption
1957 … … … 66.1
1958 … … … 66.7
1959 … … … 66.7
1960 … … … 66.1
1961 … … … 65.2
1962 … … … 65.7
1963 … … … 65.7
1964 … … … 64.7
1965 … … … 64.2
1966 … … … 64.2