§ Mr. Formanasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing both in terms of the relevant local currency, and converted to £ sterling at the appropriate exchange rate, for each present member
Per cent. 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 France … … 11.1 11.1 11.5 11.5 10.3 12.5 12.2 12.0 13.3 12.5 12.7 Germany … … 12.2 11.2 11.0 12.0 12.5 14.0 13.8 14.9 14.2 15.2 15.9 Italy … … 16.6 15.5 14.2 15.2 16.7 15.8 18.2 18.7 19.5 18.0 19.0 United Kingdom … … 8.7 9.0 8.4 7.9 8.2 9.1 8.8 10.0 10.9 13.6 13.9 Fairly comprehensive estimates of household savings and related magnitudes in local currency terms are published by the OECD Secretariat in Table 9 of "National Accounts of OECD Countries", a copy of which has been placed in the Library. There is no obviously appropriate exchange rate by which to convert savings estimates for other countries into sterling terms. For this reason, it is standard practice to express savings of households as a ratio of personal disposable income, as is done in the above table.