Taxes

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 29th March 2007.

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Photo of Gordon Brown Gordon Brown The Chancellor of the Exchequer 10:30 am, 29th March 2007

The savings ratio is rising. The lowest savings ratio that this country has had occurred under a Conservative Government in the 1980s. In terms of real disposable incomes, since 1997 the living standards of our people have improved, and they have improved for one reason: we have had economic stability, whereas the Conservatives used to have recessions.