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Written question asked by Lord Elystan-Morgan (Crossbench) on Wednesday, 20 December 2017, in the House of Lords. It was due for an answer on Monday, 8 January 2018. It was answered by Lord Bates (Conservative) on Monday, 8 January 2018 on behalf of the Treasury.


Credit

Question

To ask Her Majesty's Government what assessment they have made of how the UK compares with the Republic of Ireland, Canada and New Zealand in the provision of personal credit to its citizens.

Answer

The government has not made a formal assessment of this kind.

The Bank for International Settlements publishes international comparisons of credit provision. In the latest figures from Q2 2017, total credit to the non-financial sector as a percentage of GDP was 281.0 in the UK, 345.2 in the Republic of Ireland, 296.0 in Canada, and 208.3 in New Zealand.


Secondary information

Type
Written question
Reference
HL4354
Session
2017-19
Subjects
Credit
Link
View this Written question on www.parliament.uk