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Debt

Volume 457: debated on Thursday 1 March 2007

16. To ask the Chancellor of the Exchequer what recent estimate he has made of the level of debt in the UK economy; and if he will make a statement. (124178)

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.

To ask the Chancellor of the Exchequer what estimate he has made of the level of debt in the British economy; and if he will make a statement. (124180)

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.

To ask the Chancellor of the Exchequer what estimate he has made of the level of debt in the British economy; and if he will make a statement. (124503)

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.