Written question asked by Seema Malhotra (Labour) on Monday, 11 January 2016, in the House of Commons. It was due for an answer on Thursday, 14 January 2016 (named day). It was answered by Harriett Baldwin (Conservative) on Thursday, 14 January 2016 on behalf of the Treasury.
Debts
- Question
-
To ask Mr Chancellor of the Exchequer, what steps he is taking to address the forecast rise in household debt as defined by the Office for Budget Responsibility on page 69 of its November 2015 report, the Economic and Fiscal Outlook.
- Answer
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To avoid repeating the mistakes of the past we have created the independent Financial Policy Committee (FPC) within the Bank of England to ensure emerging risks and vulnerabilities across the financial system as a whole are identified, monitored and effectively addressed. The FPC has taken action on loan-to-income ratios and mortgage affordability to ensure against a significant rise in the number of highly indebted households.
Secondary information
- Type
- Written question
- Reference
- 21832
- Session
- 2015-16
- Subjects
- Debts
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-07-05 19:05:08 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2015-16/21832
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2015-16/21832
- In Solr
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