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Written question asked by Roger Godsiff (Labour) on Wednesday, 13 December 2017, in the House of Commons. It was due for an answer on Monday, 18 December 2017. It was answered by Caroline Dinenage (Conservative) on Monday, 18 December 2017 on behalf of the Department for Work and Pensions.


Budgeting Loans and Crisis Loans

Question

To ask the Secretary of State for Work and Pensions how much the Government has made available in real terms through (a) budgeting loans and (b) crisis loans in each year between 2010/11 and 2016/17.

Answer

The amount made available through Budgeting Loans is published in the annual Social Fund Accounts in nominal terms. These figures have been adjusted to real terms in 2016/17 prices and are outlined in the table below.

Year

Budgeting Loan payments - £m (2016/17 prices)

2010/11

495.1

2011/12

491.4

2012/13

485.2

2013/14

434.2

2014/15

428.2

2015/16

414.1

2016/17

411.5

Notes:

  1. Figures are rounded to the nearest £0.1m.
  2. Figures are adjusted to real terms using GDP deflators.

The amount made available through Crisis Loans is published in the annual Social Fund Accounts in nominal terms. These figures have been adjusted to real terms in 2016/17 prices and are outlined in the table below.

Year

Crisis Loan payments - £m (2016/17 prices)

2010/11

155.3

2011/12

153.8

2012/13

114.1

2013/14

3.6

2014/15

0.2

2015/16

0.1

2016/17

0.2

Notes:

  1. Figures are rounded to the nearest £0.1m.
  2. Figures are adjusted to real terms using GDP deflators.
  3. Crisis Loans were abolished with effect from 31/3/13. There have been no new Crisis Loan payments since then. The provision of interest free credit through Crisis Loans since their abolition represents a net transfer of customer debt from Northern Ireland where customers have moved between Northern Ireland and Great Britain. DWP manage the recovery of the transferred debt.

Sources:

  1. Social Fund Accounts, 2010/11 – 2016/17
  2. GDP deflators at market prices, and money GDP November 2017 (Autumn Budget 2017)

The links to the annual Social Fund Account for each of the last seven years are given below.

2010/11:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/247280/1307.pdf

2011/12:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/246945/0454.pdf

2012/13:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/209380/SFWPA_2012-13.pdf

2013/14:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/450047/social-fund-account-2013-to-2014.pdf

2014/15:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/450036/social-fund-account-2014-to-2015.pdf

2015/16:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/535981/social-fund-account-2015-16.pdf

2016/17:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/626607/social-fund-account-2016-2017.pdf


Secondary information

Type
Written question
Reference
119324
Session
2017-19
Subjects
Crisis loans Budgeting loans
Contains statistics
Yes
Link
View this Written question on www.parliament.uk