§ Sir Brandon Rhys Williamsasked the Chancellor of the Exchequer what is his objective for the proportions of the gross national product which should be (a) saved and (b) devoted to capital expenditure; and what are the current proportions.
§ Mr. Peter ReesDuring the 12 months ending in June 1984, gross saving amounted to 20.2 per cent. and gross domestic fixed capital formation to 16.9 per cent. of the gross national product. The Government do not have explicit objectives for these proportions, but their policies are designed to secure sustained economic growth and thus higher rates of saving and investment.