Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what forecast her Department has made of potential changes in the use of consumer credit by low-income families over the next 12 months.

HM Treasury regularly monitors changes in the consumer credit market as part of its normal process of policy development. However, it does not routinely forecast consumer credit usage, including use by low-income households.

Retrospective analysis of trends in consumer credit product usage is produced by other organisations, including the Bank of England’s monthly statistical releases on money and credit and the Financial Conduct Authority’s Financial Lives Surveys.