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 eight 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 annual household debt to income for the most recent eight years in which the data is available is as follows:

  • 2016 – 136.60%

  • 2015 – 132.96%

  • 2014 – 136.41%

  • 2013 – 137.77%

  • 2012 – 141.39%

  • 2011 – 146.74%

  • 2010 – 149.96%

  • 2009 – 151.40%

    The current level of household debt to income (Q3 2017) is 138%, compared 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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