§ Mr. Knoxasked the Chancellor of the Exchequer what percentage of the National Income has been devoted to saving in each year since 1959.
§ Mr. NottThe information is contained in the following table:
Net saving* as a percentage of National income Gross saving as a percentage of gross national product at factor cost 1959 11.3 19.0 1960 12.1 19.5 1961 12.9 20.2 1962 11.6 19.2 1963 11.7 19.2 1964 13.5 20.8 1965 13.8 22.2 1966 13.7 21.3 1967 12.8 20.6 1968 13.2 21.1 1969 14.9 23.0 1970 14.9 23.1 1971 13.9 22.4 * After deducting stock appreciation and capital consumption. †After deducting stock appreciation. The figures for 1959 to 1965 have been derived from the National Income Blue Book for 1971 and for 1966 to 1971 from the National Income and Balance of Payments White Paper (Cmnd. 4935).