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Written question asked by Vincent Cable (Liberal Democrat) on Wednesday, 14 December 2005, in the House of Commons. It was due for an answer on Monday, 19 December 2005. It was answered by John Healey (Labour) on Tuesday, 20 December 2005 on behalf of the Office for National Statistics.

Personal Debt

Question
To ask the Chancellor of the Exchequer what the average total personal debt servicing level as a percentage of income was for each year since 1998; and if he will make a statement.
Answer

The information requested falls within the responsibility of the National Statistician who has been asked to reply.Letter from Colin Mowl, dated 20 December 2005:"The National Statistician has been asked to reply to your recent Parliamentary Question asking what the average total personal debt servicing level as a percentage of income was for each year since 1998. I am replying in her absence. (38750)""The table below shows payments of interest on loans. Capital repayments are not available. The data for income and interest on loans are for the combined household and non-profit institutions serving households (NPISH) sectors. Information for the household sector is not available separately."

Interest on loans(£ million) Household disposable income(£ million) Interest on loans as a percentage of income
1998 51219 581138 8.8
1999 47434 609734 7.8
2000 52875 646059 8.2
2001 52141 688255 7.6
2002 51513 710144 7.3
2003 53578 744395 7.2
2004 63585 770231 8.3

Secondary information

Type
Written question
Reference
38750; 440 c2803W
Session
2005-06
Subjects
Debts Disposable income
Contains statistics
Yes
Link
View this Written question on www.publications.parliament.uk