HC Deb 23 July 1976 vol 915 c621W
Mr. Knox

asked the Chancellor of the Exchequer what percentage of the national income was devoted to saving in each of the past 15 years.

Mr. Denzil Davies

The information is given in the following table:

Net saving* as a percentage of national income Gross savingas as a percentage gross national product at factor cost
1961 12.6 20.4
1962 11.2 19.3
1963 11.4 19.5
1964 13.9 21.6
1965 14.3 22.0
1966 14.0 22.0
1967 13.4 21.4
1968 14.0 22.2
1969 15.5 23.7
1970 15.5 24.1
1971 14.6 23.4
1972 11.9 21.1
1973 12.4 21.7
1974 8.1 18.4
1975 7.7 18.5
Source: National Income and Expenditure 1964–74 and Economic Trends. In these figures, which are based on the definitions used in the United Kingdom national accounts, gross national product is measured at factor cost; on international definitions it is normally measured at market prices.
* Total investment—domestic capital formation plus net investment abroad—after providing for stock appreciation and depreciation. National income is equal to gross national product at factor cost less capital consumption.
† Total investment before providing for depreciation.