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My right honourable friend the Secretary of State for Transport (Patrick McLoughlin) has made the following Ministerial Statement:
Today the Office for National Statistics announced that, following a review, Network Rail will be classified as a central government body in the public sector. This is an independent statistical decision taken by...
My right honourable friend the Secretary of State for Transport (Patrick McLoughlin) has made the following Ministerial Statement:
Today the Office for National Statistics announced that, following a review, Network Rail will be classified as a central government body in the public sector. This is an independent statistical decision taken by...
Today the Office for National Statistics announced that, following a review, Network Rail will be classified as a central Government body in the public sector. This is an independent statistical decision taken by the Office for National Statistics in light of the European system of national accounts 2010 (ESA10) manual...
Today the Office for National Statistics announced that, following a review, Network Rail will be classified as a central Government body in the public sector. This is an independent statistical decision taken by the Office for National Statistics in light of the European system of national accounts 2010 (ESA10) manual...
To ask the Secretary of State for Environment, Food and Rural Affairs what assessment he has made of the degree of over-leverage in water companies' finances; and what assessment he has made of the effect of such over-leverage for Government infrastructure guarantees.
To ask the Secretary of State for Environment, Food and Rural Affairs what assessment he has made of the degree of over-leverage in water companies' finances; and what assessment he has made of the effect of such over-leverage for Government infrastructure guarantees.
Regulated utilities, including in the water sector, are secure long term investments. While there is wide variation, leverage levels of 70-80% are not unusual. Ofwat proposes to increase the notional gearing level it uses in calculations for 2015 to 2020 to reflect this reality and to cut down the profits companies can make through higher leverage.
The UK guarantees scheme is in place to help infrastructure projects raise debt. The risks associated with each project are assessed on a case by case basis.
The only water project for which Government financial intervention is under consideration is for the Thames Tideway Tunnel. The draft reasons for specifying this infrastructure project under the Water Industry (Specified Infrastructure Projects) (English Undertakers) Regulations 2013 are currently the subject matter of a consultation that finishes on 6 January 2014. They make clear that
any Government contingent financial support for this project would be as a consequence of the risks attached to this project and not as a result of Thames Water's capital structure. The draft reasons also clarify why customers and taxpayers would receive better value for money if the project is delivered through an independent and separately regulated company.
To ask the Chancellor of the Exchequer what estimate he has made of the levels of household debt in (a) Vale of Clwyd and (b) each region of the UK in each year since 2010; and what such levels are forecast to be in each year until 2015.
To ask the Chancellor of the Exchequer what estimate he has made of the levels of household debt in (a) Vale of Clwyd and (b) each region of the UK in each year since 2010; and what such levels are forecast to be in each year until 2015.
The Office for National Statistics does not publish debt data for households on a regional or local basis, but does so on a national level.
The Office for Budget Responsibility (OBR) forecast the ratio of household debt to income.
To ask the Chancellor of the Exchequer what estimate he has made of the levels of household debt in (a) Chelmsford constituency and (b) Essex in each year since 2010; and what forecast he has made of those levels for each year until 2015.
To ask the Chancellor of the Exchequer what estimate he has made of the levels of household debt in (a) Chelmsford constituency and (b) Essex in each year since 2010; and what forecast he has made of those levels for each year until 2015.
The Office for National Statistics does not publish debt data for households on a regional or local basis, but does do so on a national level.
The Office for Budget Responsibility (OBR) forecast the ratio of household debt to income.
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This weeks articles are 'Who’s looking for work? Differences between ILO unemployment and the claimant count' and 'Interesting times: inflation and monetary policy responses'
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This weeks articles are 'Who’s looking for work? Differences between ILO unemployment and the claimant count' and 'Interesting times: inflation and monetary policy responses'
To ask Her Majesty’s Government whether the government of the United States has raised the issue of the unpaid First World War debt and interest of the United Kingdom in the last three years; and, if so, what was the outcome.[HL3602]
To ask Her Majesty’s Government whether the government of the United States has raised the issue of the unpaid First World War debt and interest of the United Kingdom in the last three years; and, if so, what was the outcome.[HL3602]
Liabilities and assets arising from World War I have not been listed on the UK Government’s balance sheet since 1944-45. The Government of the United States has not raised the issue of World War I debt or interest with the UK Government in the last three years.
To ask the Chancellor of the Exchequer what estimate he has made of levels of consumer debt in Barrow and Furness constituency in each of the last five years.
To ask the Chancellor of the Exchequer what estimate he has made of levels of consumer debt in Barrow and Furness constituency in each of the last five years.
I have been asked to reply on behalf of the Cabinet Office.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Jil Matheson, dated December 2013:
As National Statistician, I have been asked to reply to your recent Parliamentary Question to ask the Chancellor of the Exchequer, what estimate he has made of levels of consumer debt in Barrow and Furness constituency in each of the last five years 179306.
The Office for National Statistics publishes details of consumer debt, in the form of short and long term loans, at a UK level only. The most recent analyses can be found in table A53 of the United Kingdom Economic Accounts (UKEA) 2013 Q2, published on 26 September 2013. The UKEA is available on the National Statistics website at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q2-2013/index.html
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month's article are Wants, needs and desires: What can households no longer afford? and A typical apprenticeship
This Research Paper series summarises the main economic indicators currently available for the UK, along with comparisons with other major OECD countries. This month's article are Wants, needs and desires: What can households no longer afford? and A typical apprenticeship
My Hon. Friend the Minister for Employment Relations and Consumer Affairs (Jo Swinson) has made the following statement.
A new voluntary Protocol is now in place for commercial debt management companies, which will provide greater protection for consumers.
22 companies, who supply more than half of the commercial market, have signed...
My Hon. Friend the Minister for Employment Relations and Consumer Affairs (Jo Swinson) has made the following statement.
A new voluntary Protocol is now in place for commercial debt management companies, which will provide greater protection for consumers.
22 companies, who supply more than half of the commercial market, have signed...
A new voluntary protocol is now in place for commercial debt management companies, which will provide greater protection for consumers.
A total of 22 companies, who supply more than half of the commercial market, have signed up to the protocol which went live on 1 October 2013.
The firms have agreed...
A new voluntary protocol is now in place for commercial debt management companies, which will provide greater protection for consumers.
A total of 22 companies, who supply more than half of the commercial market, have signed up to the protocol which went live on 1 October 2013.
The firms have agreed...
To ask the Secretary of State for Energy and Climate Change what assessment he has made of the number of people in fuel debt in each month since June 2010.
To ask the Secretary of State for Energy and Climate Change what assessment he has made of the number of people in fuel debt in each month since June 2010.
Data on the number of consumers in fuel debt are published by Ofgem on a quarterly basis. The following table shows the number of consumers in fuel debt since quarter 1 of 2010:
| Number
of domestic consumers repaying an energy
debt | ||
| Million | ||
| Quarter
and
year | Gas | Electricity |
| 2010 | ||
| Q1 | 0.7 | 0.9 |
| Q2 | 0.8 | 1.0 |
| Q3 | 0.8 | 1.0 |
| Q4 | 0.7 | 0.9 |
| 2011 | ||
| Q1 | 0.7 | 0.9 |
| Q2 | 0.9 | 0.9 |
| Q3 | 0.8 | 0.9 |
| Q4 | 0.7 | 0.8 |
| 2012 | ||
| Q1 | 0.7 | 0.8 |
| Q2 | 0.8 | 0.9 |
In 2011 there were 3% of gas consumers and 3% of electricity consumers who were repaying an energy debt, according to Ofgem figures.
This data relates to customers that have entered a specific formal arrangement with their supplier to repay outstanding arrears. Figures have been rounded to the nearest 100,000 consumers and apply to Great Britain.
The latest figures currently available are for quarter 2 of 2012. Data for quarters 3 and 4 of 2012 are due to be published by Ofgem in November 2013.
The data is available on the Ofgem website:
https://www.ofgem.gov.uk/about-us/how-we-work/working-consumers/supplier-performance-social-obligations#charts
To ask the Minister for the Cabinet Office what progress his Department has made on tackling fraud, error and uncollected debt in public sector contracts.
To ask the Minister for the Cabinet Office what progress his Department has made on tackling fraud, error and uncollected debt in public sector contracts.
Last year the Government saved the taxpayer £6.5 billion through reducing fraud, error and debt. This programme is co-ordinated by the Cabinet Office.
To ask the Minister for the Cabinet Office what progress his Department has made on tackling fraud, error and uncollected debt in public sector contracts.
To ask the Minister for the Cabinet Office what progress his Department has made on tackling fraud, error and uncollected debt in public sector contracts.
Last year the Government saved the taxpayer £6.5 billion through reducing fraud, error and debt. This programme is co-ordinated by the Cabinet Office.
When my right hon. Friend came to office in 2010, what cross-Government work had been done to tackle fraud, error and debt?
When my right hon. Friend came to office in 2010, what cross-Government work had been done to tackle fraud, error and debt?
None. I now chair a cross-Government taskforce on fraud, error and uncollected debt, as a result of which, in the last year, we saved the taxpayer £6.5 billion that would otherwise have been wasted.
None. I now chair a cross-Government taskforce on fraud, error and uncollected debt, as a result of which, in the last year, we saved the taxpayer £6.5 billion that would otherwise have been wasted.
None. I now chair a cross-Government taskforce on fraud, error and uncollected debt, as a result of which, in the last year, we saved the taxpayer £6.5 billion that would otherwise have been wasted.
When my right hon. Friend came to office in 2010, what cross-Government work had been done to tackle fraud, error and debt?
To ask Her Majesty’s Government whether persons suffering hardship because of debts have the right to approach a court to secure appropriate repayment conditions; and, if not, whether they will legislate to make it possible.[HL2628]
To ask Her Majesty’s Government whether persons suffering hardship because of debts have the right to approach a court to secure appropriate repayment conditions; and, if not, whether they will legislate to make it possible.[HL2628]
There are a number of options available to an individual suffering hardship because of debts. These include establishing a debt management plan or individual voluntary arrangement with creditors, approaching the court for a County Court Administration Order, applying to the Insolvency Service for a Debt Relief Order and petitioning the court for a bankruptcy order. In the latter case, where a person can pay some part of their debts there are provisions to provide for this over time.
A person should seek free and independent debt advice, which will outline all appropriate debt remedy solutions, to ensure that they have considered all their options. The Money Advice Service, set up by Government, will be able to direct a person to an appropriate adviser and can be contacted on tel: 0300 500 5000 or online at https://www.money adviceservice.org.uk/
To ask the Secretary of State for Business, Innovation and Skills if he will estimate the proportion of graduate debt which would be paid in full under current policy, if the debt per graduate was (a) £5,000, (b) £10,000, (c) £15,000, (d) £20,000, (e) £25,000, (f) £30,000, (g) £35,000 and...
To ask the Secretary of State for Business, Innovation and Skills if he will estimate the proportion of graduate debt which would be paid in full under current policy, if the debt per graduate was (a) £5,000, (b) £10,000, (c) £15,000, (d) £20,000, (e) £25,000, (f) £30,000, (g) £35,000 and...
Estimates have been prepared using the Department's publicly available loan repayment model which can be found at:
https://www.gov.uk/government/publications/simplified-student-loan-repayment-model
Under the post-2012 loan system, the proportions of graduate debt which it is estimated will be repaid under the total debt amounts per student given in the question are (a) 88%, (b) 84%, (c) 81%, (d) 79%, (e) 76%, (f) 73%, (g) 70% and (h) 67%.