Personal Savings

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Mr James Callaghan Mr James Callaghan The Chancellor of the Exchequer, Member, Labour Party National Executive Committee 12:00 am, 9th March 1965

Personal savings are estimated to have been 9·1 per cent., 8 per cent. and 8·6 per cent. of personal disposable income in 1961, 1962 and 1963, respectively. Estimates for 1964 are not yet available. The Government are anxious to increase the level of savings, and I am at present considering a number of ideas in this field.