HM Treasury continually monitors the levels of both household liabilities and assets, and the implications of these for the wider economy are examined as part of the pre-Budget report and Budget forecasting process.
HM Treasury continually monitors the levels of both household liabilities and assets, and the implications of these for the wider economy are examined as part of the pre-Budget report and Budget forecasting process.
Figures for the level of household debt are provided by the Bank of England, series LPMVTXC, and can be found on the Bank of England website, www.bankofengland.co.uk. The Government’s macroeconomic framework has delivered stability and rising prosperity. Sound domestic economic fundamentals have underpinned the growth in personal debt.