Proceeding contribution from Lord Tyrie (Conservative) in the House of Commons on Monday, 29 November 2010. It occurred during Ministerial statement on Autumn Forecast.

Autumn Forecast

In June, the Red Book was forecasting that the savings ratio would remain broadly steady at about 6% for the next five years, which is quite near its long-run average for the previous 40 years. On page 67 of the most recent document however, the new forecast assumes a fall in the savings ratio to just over half that, and for the remainder of the Parliament, at only 3%. Is the Chancellor worried about that fall in the savings ratio, and will he consider measures to address it?

Secondary information

Type: Proceeding contribution
Reference: 519 c538
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Economic situation Forecasts National income Economic recession Office for Budget Responsibility
Link: View this Proceeding contribution on www.publications.parliament.uk

Autumn Forecast

Secondary information

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