Debts

(asked on 11th January 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the value of household debt in each of the last three years.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 19th January 2018

The level of household debt to income was 136.4% in 2014, 133.0% in 2015 and 136.6% in 2016, the most recent years for which annual data is available. This compares to 152.1% at the start of 2010.

The independent Financial Policy Committee (FPC) was set up by the government to assess and mitigate financial stability risks, including from household debt. The FPC has taken action to ensure against a significant rise in highly indebted households.

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