§ Mr. Watkinsonasked the Chancellor of the Exchequer what is the expected level of savings coming into the building societies, the insurance companies, the pension funds and other savings institutions, excluding the clearing banks, in 1976; and what are the projections for 1977.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 15th November 1976; Vol. 919, c. 374–5], gave the following information:
It is not the practice to publish forecasts for these flows. The table below shows the figures so far available for the flows of funds into these institutions in the first part of 1976 for the same group- 776W ing as in the answer to my hon. Friend's Question—[Vol. 919, c. 511–12]—about inflows in 1974 and 1975.
£ million 1976 1976 First and second quarters Third quarter Building Societies 2,240 761 Life Assurance and Pension Funds 2,530 N.A. Trustee Savings Banks Ordinary Department 99 24 Special Investment Departments 80 51 National Savings Bank Ordinary Account 21 6 Investment Account 32 17 Other National Savings 263 123 Note: "N.A." indicates data not yet available.