Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what the level of personal debt is; and if he will make a statement.

Based on data from the Office of National Statistics, household debt-to-income ratio was 145% in Q1 2017. This is notably below the pre-crisis high of 160% in Q1 2008.

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.