1-20 of 25 results for subject:Debts
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To ask His Majesty's Government what are the current levels of (1) personal, (2) national, debt in the United Kingdom.
To ask His Majesty's Government what are the current levels of (1) personal, (2) national, debt in the United Kingdom.
The Government regularly engages with the Bank of England, the Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS) to monitor personal finances and debt levels. According to the Bank of England’s Financial Policy Committee in its November 2024 Financial Stability Report, household debt as a share of income fell to 130% in Q2 2024 from 132% at the end of 2023, and borrowers slightly increased their aggregate savings buffers in 2024 making them more resilient to potential economic shocks. The Money and Pensions Service conducts an annual survey of people in financial difficulty in the UK. The results of their latest survey were published on 29 February 2024.
As of December 2024, Public Sector Net Debt (PSND) was 97.2% of GDP. Net financial debt (PSNFL), the measure targeted by the Government’s fiscal rule, was 84.5%.
My Lords, with more than $1 trillion owed in debt by 150 countries to China through belt and road, making it the biggest debt collector in the world, what assessment has the Foreign Secretary made of the implications on dependency, including the extension of China’s military presence in the world? In this 75th anniversary year of the Commonwealth, is he not particularly concerned about the way in which the CCP has been marching into that void, not least as a result of the cuts we have made to our overseas aid and development programme?
My Lords, with more than $1 trillion owed in debt by 150 countries to China through belt and road, making it the biggest debt collector in the world, what assessment has the Foreign Secretary made of the implications on dependency, including the extension of China’s military presence in the world? In this 75th anniversary year of the Commonwealth, is he not particularly concerned about the way in which the CCP has been marching into that void, not least as a result of the cuts we have made to our overseas aid and development programme?
It is very important that we provide alternatives to finance so that Commonwealth and other countries have a choice. I am very proud of the work I did to set up the Caribbean infrastructure fund, for instance, and we are looking again at whether we can refresh and renew that. We are also trying to get the multilateral development banks to expand their balance sheets and lend more to poorer countries. These are ways in which we can offer countries alternatives to Chinese finance in the way that he suggests.
Will the Foreign Secretary confirm that, through China’s belt and road programme, developing nations are estimated to be indebted to China to the tune of more than $1 trillion? Does he share the view of Parliament’s Intelligence and Security Committee that it would be naive not to see how such punitive debt in countries such as Sri Lanka—which is $47 billion dollars in debt, half to China—can be used by China to buy support in the UN, to expand its military presence and for leverage in domestic and international institutions? How are we countering this?
Will the Foreign Secretary confirm that, through China’s belt and road programme, developing nations are estimated to be indebted to China to the tune of more than $1 trillion? Does he share the view of Parliament’s Intelligence and Security Committee that it would be naive not to see how such punitive debt in countries such as Sri Lanka—which is $47 billion dollars in debt, half to China—can be used by China to buy support in the UN, to expand its military presence and for leverage in domestic and international institutions? How are we countering this?
One of the most important ways to counter it is by offering an alternative, so that when countries are developing there are other offers on the table. That is why the expansion of British International Investment—what used to be the Commonwealth Development Corporation—is
so important. We are also countering it through the expansion of the multilateral development banks, and in our White Paper we demonstrate how we can expand their balance sheets and get them to lend more. However, the noble Lord makes a very good point: if we look back 10, 15 or 20 years, when we were running debt forgiveness programmes to help highly indebted countries, we see that it was mostly Paris Club countries such as France, Germany, Britain and America that were responsible for the debt, so if we wanted to write it off then we could. Now that so much of the debt owed is to China, which does not believe in debt write-offs, we have to find other ways of delivering restructurings to help those countries which have got into trouble.
To ask Her Majesty’s Government what will be the agenda, and who will be present from both sides, when the Sudan Technical Working Group on External Debt meets on the fringes of the forthcoming World Bank and International Monetary Fund conference in Washington between April 11 and 13.[HL6455]
To ask Her Majesty’s Government what will be the agenda, and who will be present from both sides, when the Sudan Technical Working Group on External Debt meets on the fringes of the forthcoming World Bank and International Monetary Fund conference in Washington between April 11 and 13.[HL6455]
Details of the attendees and issues discussed by the Technical Working Group (TWG) on Sudan's external debt are released by the IMF following each meeting. The UK attends as a member of the Paris Club delegation.
Information from the last TWG meeting, held on 12 October 2013, can be found on the IMF website at:
http://www.imf.org/external/np/sec/pr/2013/pr13404.htm
To ask Her Majesty’s Government what negotiations they have had with the government of Sudan regarding relief for Sudan’s foreign debt; and when the next scheduled meeting to discuss Sudan’s foreign debt is due to take place.[HL5494]
To ask Her Majesty’s Government what negotiations they have had with the government of Sudan regarding relief for Sudan’s foreign debt; and when the next scheduled meeting to discuss Sudan’s foreign debt is due to take place.[HL5494]
Discussions on the treatment of sovereign debt take place within the multilateral framework of the Paris Club. There have been no recent negotiations between the Paris Club and the government of Sudan.
A further meeting of the Sudan Technical Working Group on External Debt is expected to take place in the margins of the IMF/World Bank Spring Meetings in April.
To ask Her Majesty's Government how much debt is owed to the United Kingdom by developing countries; and which are the ten most indebted nations.
To ask Her Majesty's Government how much debt is owed to the United Kingdom by developing countries; and which are the ten most indebted nations.
What are the current debts of the world's 25 poorest nations; what is the estimated size of the debts of the developing countries; what are the current levels of repayment; how much is repaid to the United Kingdom annually; and how this compares with the size of our current aid...
What are the current debts of the world's 25 poorest nations; what is the estimated size of the debts of the developing countries; what are the current levels of repayment; how much is repaid to the United Kingdom annually; and how this compares with the size of our current aid...
What they consider to be the ability of the Indonesian Government to pay for outstanding orders for armaments. [HL 2540].
What they consider to be the ability of the Indonesian Government to pay for outstanding orders for armaments. [HL 2540].
What is the present level of personal debt in the United Kingdom. - At the end of December 1994, total personal sector debt was £523 billion. Personal sector financial assets were £1,645 billion. (Failed OPQ).
What is the present level of personal debt in the United Kingdom. - At the end of December 1994, total personal sector debt was £523 billion. Personal sector financial assets were £1,645 billion. (Failed OPQ).
What is the present level of consumer debt; and what was the comparable level of debt in 1982. (Failed OPQ). - Includes figures.
What is the present level of consumer debt; and what was the comparable level of debt in 1982. (Failed OPQ). - Includes figures.
What are the latest estimates of serious personal over-indebtedness. - Includes figure.
What are the latest estimates of serious personal over-indebtedness. - Includes figure.
What are the present outstanding personal debts on: (a) bank credit cards, (b) retail accounts, (c) loans on personal accounts, (d) specialist credit and (e) finance house loans. - Table given
What are the present outstanding personal debts on: (a) bank credit cards, (b) retail accounts, (c) loans on personal accounts, (d) specialist credit and (e) finance house loans. - Table given
What is the level of outstanding consumer debt; and what it was in real terms in 1982. - Inc figures & ref to Sep 1982 issue of Business Monitor SDM6 'Credit business of finance houses & other specialist consumer credit grantors' (copy in Library)
What is the level of outstanding consumer debt; and what it was in real terms in 1982. - Inc figures & ref to Sep 1982 issue of Business Monitor SDM6 'Credit business of finance houses & other specialist consumer credit grantors' (copy in Library)
What estimate is available of effect of a 1% increase in interest rates on total level of UK personal debt & average level of debt for each family.
What estimate is available of effect of a 1% increase in interest rates on total level of UK personal debt & average level of debt for each family.
To give outstanding debt charges on properties owned by Liverpool city council which have been demolished or are to be demolished. (Failed OPQ).
To give outstanding debt charges on properties owned by Liverpool city council which have been demolished or are to be demolished. (Failed OPQ).