§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will bring up to date the information on personal savings given in the reply of 9 June 1980, Official Report, c. 25.
§ Mr. Bruce-GardyneThe following table provides the latest estimates of personal saving as a percentage of gross national product at factor cost in each year from 1969 to 1981
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Personal saving* as a percentage of gross national product at factor cost† Percentage 1969 6.3 1970 7.3 1971 6.0 1972 7.9 1973 9.2 1974 9.7 1975 9.7 1976 8.9 1977 8.2 1978 10.0 1979 11.7 1980 12.7 1981 11.1 * Before providing for depreciation, stock appreciation and additions to tax reserves. † Income-based. Personal saving is defined as in the United Kingdom national accounts, that is, as the difference between personal disposable income and consumers' expenditure.