§ Mr. GibbTo ask the Chancellor of the Exchequer if he will estimate the effect on consumer spending of a 2 per cent. fall in the savings ratio. [36713]
§ Mr. Geoffrey Robinson[holding answer 27 March 1998]: A 2 percentage point fall in the saving ratio would imply that consumer spending would rise around 2 per cent. more than personal disposable income over the period during which the fall in the saving ratio occurred.