Definitions for "National Savings"
Part of the UK government’s borrowing programme targeted towards retail investors. Major forms of borrowing include National Savings Certificates, Premium Bonds and other National Savings products.
The Department of National Savings is a government department which has the role of bringing in extra cash to help the government pay its bills. Put another way, the department is another way for the Treasury to raise money to help meet the shortfall in the government's income. It's been described as the government's little piggy bank, but the serious role of National Savings is to borrow money from citizens by selling them competitive investment products. The first National Savings Certificates - then called War Savings Certificates - were issued in 1916. It was basically another way for the government to raise money for the Great War. Since then successive U.K. governments have issued fresh certificates.
A savings organisation backed by HM Treasury which offers a number of different savings products. Information on these is available from your local Post Office as well as from National Savings.
The total level of income left over after purchases, of a country’s households.