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Debts

Volume 475: debated on Tuesday 13 May 2008

To ask the Chancellor of the Exchequer what the (a) average level of household debt and (b) average level of household debt as a proportion of income was in each region in each of the last five years; and what forecast he has made of average levels of household debt in each region in each of the next five years. (204581)

The Bank of England collects and publishes statistics on household borrowing and household debt. They do not produce estimates for average household debt but latest aggregate figures show UK household debt rising at its lowest rate for eight years. The full Bank of England dataset can be found at:

http://www.bankofengland.co.uk/mfsd/iadb/FromShowColumns.asp?Travel=NlxAZxl1x&FromCategoryList=Yes&NewMeaningld=HS&Categld=5&HighlightCatValueDisplav=Household%20sector

HM Treasury does not produce regional economic forecasts.