1-20 of 26 results for subject:Debts
Librarians' tools
- Search time
- 0.243 seconds
- Solr query time
- 0.008 seconds
- Search query
- subject:Debts
- We searched for
- subject_t:Debts OR subject_t:Debt OR subject_ses:90832
Type
House
Session
Year
Department
Member
More
Primary member
More
Answering member
Legislative stage
Legislation
Subject
Publisher
To ask the Secretary of State for Education, whether she has set a target for an expected reduction in the level of student debt between now and 2029.
To ask the Secretary of State for Education, whether she has set a target for an expected reduction in the level of student debt between now and 2029.
Education is a devolved matter, and the response outlines the information for England only.
The projected outstanding student loan balance through to the 2073/74 financial year is available here: https://explore-education-statistics.service.gov.uk/find-statistics/student-loan-forecasts-for-england/2024-25#section-long-term-student-loan-projections.
There is no expectation for a reduction in the overall nominal level of student loan debt. As demonstrated in the data, the department expect the outstanding student loan balance to grow, with more students attending higher education and the forecasted level of annual outlay for new student loans expected to exceed the forecasted level of repayments received from existing borrowers each year.
To ask the Secretary of State for Education, what steps she is taking to help reduce levels of student debt.
To ask the Secretary of State for Education, what steps she is taking to help reduce levels of student debt.
The government is capping the maximum interest rates on Plan 2 and 3 student loans at 6%, rather than RPI+3%, from 1 September, for the 2026/27 academic year, delivering stability and protection for graduates from escalating student loan interest.
This short-term measure removes the risk of a temporary increase in inflation due to the situation in the Middle East causing loan balances to compound at an unsustainable rate and is in line with actions taken in the past to secure stability in the student finance system.
Secondly, the government is reintroducing targeted, means-tested maintenance grants from academic year 2028/29, which will provide disadvantaged students with up to £1,000 extra support per year, without increasing their debt.
Student finance and higher education funding is a complex, interconnected, system. We are considering a range of options to make the system fairer, but to be fiscally responsible we must consider how any change would be funded.
To ask the Secretary of State for Education, what the change was in the level of Student Loan debt between (a) 2020 and (b) 2025.
To ask the Secretary of State for Education, what the change was in the level of Student Loan debt between (a) 2020 and (b) 2025.
The total nominal outstanding balance of income contingent student loan balances for England-domiciled borrowers and how this has changed over time can be found here: https://www.gov.uk/government/statistics/student-loans-in-england-2024-to-2025/student-loans-in-england-financial-year-2024-25#income-contingent-icr-student-loan-balance.
To ask the Chancellor of the Exchequer, whether her Department holds information on the dates of future meetings of the Global Sovereign Debt roundtable in 2025.
To ask the Chancellor of the Exchequer, whether her Department holds information on the dates of future meetings of the Global Sovereign Debt roundtable in 2025.
The Global Sovereign Debt Roundtable (GSDR) meets at Principals (i.e., Finance Minister or equivalent) level during the IMF-World Bank Spring and Annual meetings, in April and October respectively. Technical and preparatory meetings, including open workshops, take place in the intervening months. As a participant in the GSDR, the UK is invited to all GSDR meetings when they are scheduled, and actively participates in the sessions.
To ask the Chancellor of the Exchequer, with reference to the Answer of 12 December 2023 to Question 5762 on World Economy, what recent discussions she has had with international partners on strengthening the international debt architecture.
To ask the Chancellor of the Exchequer, with reference to the Answer of 12 December 2023 to Question 5762 on World Economy, what recent discussions she has had with international partners on strengthening the international debt architecture.
The Government is committed to tackling unsustainable debt and the Chancellor has called for international partners to work together on this, including through enhancing debt transparency and promoting adoption of Climate Resilient Debt Clauses (CRDCs). HM Treasury continues to engage regularly with international partners, including the IMF, World Bank, borrower countries, other official creditors, private sector, and civil society organisations, on strengthening the international debt architecture. These discussions take place through various international fora, including the G7, G20, Paris Club and the Global Sovereign Debt Roundtable.
To ask the Chancellor of the Exchequer, whether she has had discussions with the automotive industry on trends in the level of consumer debt accrued through car hire purchase agreements.
To ask the Chancellor of the Exchequer, whether she has had discussions with the automotive industry on trends in the level of consumer debt accrued through car hire purchase agreements.
The government engages with a broad range of stakeholders such as the financial regulators, industry, debt advice charities and consumer groups to monitor trends in consumer debt and understand issues affecting consumers.
The Government currently provides a range of debt advice services through the Money and Pensions Service (MaPS) to meet the needs of individuals in problem debt, including national and community-based services offering free-to-client debt advice. In addition, the Government’s ‘Breathing Space’ scheme provides eligible individuals protections from creditor enforcement action for a period of 60 days, giving them the space to work with a professional debt adviser to identify a positive and sustainable solution to their problem debt.
To ask the Chancellor of the Exchequer, whether he has had recent discussions with the International Monetary Fund on levels of national global debt.
To ask the Chancellor of the Exchequer, whether he has had recent discussions with the International Monetary Fund on levels of national global debt.
As the Government’s lead on sovereign debt, HM Treasury maintains regular engagement with the International Monetary Fund on a bilateral basis, as well as in international fora – including the G7, G20, and the Global Sovereign Debt Roundtable – to discuss global debt levels and coordinate on strengthening the international debt architecture.
To ask the Secretary of State for Northern Ireland, what assessment he has made of the potential merits of adopting the system used in England and Wales by which businesses can make claims against debtors who refuse to pay outstanding debts.
To ask the Secretary of State for Northern Ireland, what assessment he has made of the potential merits of adopting the system used in England and Wales by which businesses can make claims against debtors who refuse to pay outstanding debts.
This is a devolved matter and any system for businesses to make claims against debtors who have not paid their outstanding debts is one that is best considered by locally elected and accountable Ministers. It is for matters such as this that it is important that we get Stormont back up and running as soon as possible.
To ask the Home Secretary, how many people who had debt in excess of £500 were refused leave to remain in the UK in the last three years.
To ask the Home Secretary, how many people who had debt in excess of £500 were refused leave to remain in the UK in the last three years.
We do not publish this specific data, however details of individuals granted Indefinite Leave to Remain in the United Kingdom as a whole can be found as part of published Migration Statistics:
https://www.gov.uk/government/collections/immigration-statistics-quarterly-release
To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the level of personal debt relating to car purchases in each of the last five years.
To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the level of personal debt relating to car purchases in each of the last five years.
HM Treasury does not collect data on the level of personal debt relating to car purchases.
To ask Mr Chancellor of the Exchequer, what estimate he has made of total household debt in the UK in the final quarter of 2015.
To ask Mr Chancellor of the Exchequer, what estimate he has made of total household debt in the UK in the final quarter of 2015.
The latest figures available for household debt are for Q3 2015. In Q3 2015 household debt fell to 142 per cent of household income, down from its peak of 168 per cent in Q1 2008.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the aggregate household debt in the UK on 8 May 2015.
To ask Mr Chancellor of the Exchequer, what estimate he has made of the aggregate household debt in the UK on 8 May 2015.
According to the latest figures published by the Office for National Statistics, the UK's total household debt was £1,686 billion in the fourth quarter of 2014. As a proportion of household income, household debt has fallen from a peak of 169 per cent in the first quarter of 2008 to 146 per cent in the fourth quarter of 2014.
To ask Mr Chancellor of the Exchequer, what the total household debt was in the UK on 1 April 2014.
To ask Mr Chancellor of the Exchequer, what the total household debt was in the UK on 1 April 2014.
According to the latest figures published by the Office for National Statistics, the UK’s total household debt was £1,671 billion in the second quarter of 2014.
These figures are available here: http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/index.html
To ask the Minister for the Cabinet Office, what change there has been in household debt between 6 May 2010 and 27 June 2014.
To ask the Minister for the Cabinet Office, what change there has been in household debt between 6 May 2010 and 27 June 2014.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the Authority to reply.
To ask the Minister for the Cabinet Office what the aggregate household debt was in the final quarter of the 2013-14 financial year.
To ask the Minister for the Cabinet Office what the aggregate household debt was in the final quarter of the 2013-14 financial year.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Glen Watson, dated July 2014:
As Director General for the Office for National Statistics (ONS), I have been asked to reply to your Parliamentary Question asking what the aggregate household debt was for the final quarter of the 2013-14 financial year. (204217).
The Office for National Statistics publishes details of the financial liabilities of households and non-profit institutions serving households (NPISH) combined. The most recent analyses can be found in table A64 of the United Kingdom Economic Accounts published (UKEA) 2014 Q1, on 27 June 2014. The UKEA is available on the National Statistics web site at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q1-2014/bod-ukea-2014q1.pdf
Household ‘debt’ can be interpreted as the accumulated ‘Total financial liabilities’ of the household and NPISH sector. These are predominantly made up of short and long term loans. The UKEA shows that for households and NPISH, the combined ‘Total financial liabilities’ in 2014 Q1 was £1,557.6 billion.
To ask the Minister for the Cabinet Office what change there has been in the level of household (a) borrowing and (b) debt since May 2010.
To ask the Minister for the Cabinet Office what change there has been in the level of household (a) borrowing and (b) debt since May 2010.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Glen Watson:
As Director General for the Office for National Statistics (ONS), I have been asked to reply to your Parliamentary Question asking the Minister for the Cabinet Office what change there has been in the level of household (a) borrowing and (b) debt since May 2010. (200994)
The Office for National Statistics publishes details of the combined financial liabilities of households and non-profit institutions serving households (NPISH). NPISH is a relatively small contributor to the sector. The most recent analyses can be found in tables A53 and A64 of the United Kingdom Economic Accounts (UKEA) 2013 Q4, published on 28 March 2014. The UKEA is available on the National Statistics web site at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q4-2013/index.html
Household ‘debt’ can be interpreted as the accumulated ‘Total financial liabilities’ of the household and NPISH sector. These are predominantly made up of short and long term loans. The UKEA shows that for households and NPISH, the combined ‘Total financial liabilities’ in 2013 Q4 was £1,555.0 billion. This compares with a 2010 Q2 figure of £1,530.8 billion. Household and NPISH ‘Total financial liabilities’ have, therefore, risen £24.2 billion between 2012 Q2 and 2013 Q4.
Household ‘borrowing’ can be interpreted as the ‘Net lending or borrowing’ of the sector. This measures the acquisition of ‘Total financial assets’ less ‘Total financial liabilities’ by the household and NPISH sector within a period. As such, it is not a level but a current budget of the household account.
If a household is a net lender it has acquired more financial assets than financial liabilities in that period. It is effectively, saving. Likewise, if a household is a net borrower it has acquired more financial liabilities than financial assets in that period. In this instance it is overspending and effectively adding to its debt.
The UKEA shows that the combined net borrowing in 2013 Q4 was £4.3 billion, meaning that the household and NPISH sector increased its debt on the quarter. The comparable data in 2010 Q2 saw the sector as net lenders of £6.5 billion, meaning in that quarter it reduced its debt. These data are only relative to the quarter prior. In the period between 2010 Q2 and 2013 Q4, the household and NPISH sector were both net lenders and net borrowers on a number of occasions.
Alternative data for household debt for Great Britain can be obtained from the ONS’ Wealth and Assets survey. Data are currently available for the periods 2008/10 - 2010/12.
To ask the Minister for the Cabinet Office what the aggregate household debt in the UK was in the most recent quarter for which figures are available.
To ask the Minister for the Cabinet Office what the aggregate household debt in the UK was in the most recent quarter for which figures are available.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Glen Watson, dated April 2014:
As Director General for the Office for National Statistics (ONS), I have been asked to reply to your recent Parliamentary Question asking the Minister for the Cabinet Office what the aggregate household debt in the UK was in the most recent quarter for which figures are available. (196847)
The Office for National Statistics publishes details of the combined financial liabilities of households and non-profit institutions serving households (NPISH). NPISH is a relatively small contributor to the sector. The most recent analyses can be found in table A64 of the United Kingdom Economic Accounts (UKEA) 2013 Q4, published on 28 March 2014. The UKEA is available on the National Statistics web site at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q4-2013/index.html
This shows that, in households and NPISH, the combined “Total financial liabilities” increased in 2013 Q4 to a figure of £1,555.0 billion. In the same period in 2012 the figure was £1,544.3 billion.
To ask the Minister for the Cabinet Office what the estimated average change in the level of household (a) borrowing and (b) debt was between 2008 and 2013.
To ask the Minister for the Cabinet Office what the estimated average change in the level of household (a) borrowing and (b) debt was between 2008 and 2013.
The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Peter Fullerton, dated February 2014:
On behalf of the Director General for the Office for National Statistics (ONS), I have been asked to reply to your Parliamentary Question to the Chancellor of the Exchequer asking what the estimated average change in the level of household (a) borrowing and (b) debt was between 2008 and 2013. (188039)
The Office for National Statistics publishes details of the financial liabilities of households and non-profit institutions serving households (NPISH) combined. The most recent analyses for debt can be found in table A64 of the United Kingdom Economic Accounts (UKEA) 2013 Q3, published on 20 December 2013. Figures on borrowing can be found in tables A12 and A55. The UKEA is available on the ONS web site at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q3-2013/index.html
The data available does not yet cover the whole of the 2013 period. Total financial liabilities in 2008 were £1,536.2 billion while in 2012 (the latest yearly estimate) they were £1,544.5 billion.
In relation to borrowing, we publish data on net lending and borrowing. Net lending and borrowing is the difference .between the net acquisition of financial assets and the net incurrence of liabilities. In 2008 this joint sector borrowed £43,754 million while in 2012 this position switched and the sector became a lender of £22,911 million.
That this House notes the excellent ongoing work carried out by groups such as Christians Against Poverty, helping individuals and families who have found themselves in deep financial and emotional difficulties, offering help, hope and guidance for thousands, some of whom have contemplated suicide; and commends the work of so many volunteer counsellors in offering financial, emotional and spiritual assistance to many whose debt had become unmanageable.
That this House notes the excellent ongoing work carried out by groups such as Christians Against Poverty, helping individuals and families who have found themselves in deep financial and emotional difficulties, offering help, hope and guidance for thousands, some of whom have contemplated suicide; and commends the work of so...
To ask the Minister for the Cabinet Office what the change in the aggregate household debt in the UK was between 1 July 2010 and 1 July 2013.
To ask the Minister for the Cabinet Office what the change in the aggregate household debt in the UK was between 1 July 2010 and 1 July 2013.
[holding answer 22 January 2014]: The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.
Letter from Glen Watson dated January 2014:
As Director General for the Office for National Statistics (ONS), I have been asked to reply to your Parliamentary Question to the Chancellor of the Exchequer asking what the change in the aggregate household debt in the UK was between 1 July 2010 and 1 July 2013 (183676).
The Office for National Statistics publishes details of the financial liabilities of the household sector. This combines information for households and non-profit institutions serving households (NPISH). It also includes unincorporated businesses, which tend to be family businesses with no liability to shareholders.
The most recent analyses can be found in table A64 of (the United Kingdom Economic Accounts (UKEA) 2013 Q3, published on 20 December 2013. The UKEA is available on the National Statistics website at:
http://www.ons.gov.uk/ons/rel/naa1-rd/united-kingdom-economic-accounts/q3-2013/index.html
These data are produced quarterly; therefore the month of July is covered in our July-September (Q3) period. I have therefore included data on this period for both years in your request.
Total financial liabilities in 2013 Q3 were £1,549.5 billion compared to £1,532.4 billion in 2010 Q3.