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Debts

Volume 464: debated on Friday 19 October 2007

To ask the Secretary of State for Communities and Local Government what estimate her Department has made of the average level of household debt. (157620)

I have been asked to reply.

The information requested falls within the responsibility of the National Statistician, who has been asked to reply.

Letter from Karen Dunnell, dated 19 October 2007:

As National Statistician, I have been asked to reply to your recent Parliamentary Question on average household debt. (157620)

Published figures identifying households separately in the National Accounts are not available and are only produced combined with non-profit institutions serving households.

Annual estimates of total UK households have only been available since 1996; previously up to 1991 they were produced decennially.

Total financial liabilities of households and non-profit institutions serving households (£ million)

Total number of UK households in millions

Average households financial liabilities in (£000)

1991

450,412

22.9

19,651

1996

550,108

23.7

23,231

1997

586,659

23.8

24,650

1998

625,134

23.9

26,069

1999

675,599

24.0

28,056

2000

734,790

24.3

30,263

2001

810,665

24.4

33,183

2002

923,144

24.6

37,496

2003

1,046,913

24.7

42,419

2004

1,172,032

24.7

47,374

2005

1,249,393

24.8

50,318

2006

1,370,221

24.9

55,073

Source:

Total financial liabilities of the households and non-profit institutions serving households—United Kingdom Economic Accounts Quarter 2, 2007, ONS http://www.statistics.gov.uk/statbase/Product.asp?vlnk=1904 Total number of UK Households—Focus on Families 2007, ONS http://www.statistics.gov.uk/focuson/families/