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Debts

Volume 487: debated on Tuesday 3 February 2009

To ask the Chancellor of the Exchequer how much household debt there was in the UK in December 2008. (253087)

[holding answer 2 February 2009]: I have been asked to reply.

The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.

Letter from Karen Dunnell, dated 3 February 2009:

As National Statistician, I have been asked to reply to your recent question asking how much household debt there was in the UK in December 2008. (253087)

The most recent data available are for the end of September 2008, when total financial liabilities were £1,568 billion. (Strictly, these figures include non-profit institutions serving households, for example, charities, trade unions and churches, as well as households proper. But their liabilities are small in relation to the total.)

Data for the end of December 2008 will be included in the next Quarterly National Accounts release, due on 27th March 2009.