Oral question asked in the House of Lords, by Lord Alton of Liverpool (Crossbench). It was answered on Monday, 15 October 2007.
Debt and Pensions Advice
- Question
- My Lords, what is the current level of personal indebtedness in the United Kingdom compared with 10 years ago? Will he also reflect on the social consequences of indebtedness and those agencies which encourage indebtedness in this country?
- Answer
-
My Lords, the aggregate level of household indebtedness stands at £1.4 trillion, but that should be seen in the context of total household assets, which are worth £7.5 trillion. The relationship of debt to assets has remained broadly constant over recent times. In fact, the relationship of debt to household income has improved since 2004.
Secondary information
- Type
- Oral question
- Reference
- 695 c526
- Session
- 2006-07
- Oral question type
- Supplementary
- Chamber / Committee
- House of Lords chamber
- Subjects
- Debts Advisory services Financial services Low incomes Pensions
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2014-09-01 22:17:05 +0100
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1262680/-question
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1262680/-question
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