Debts

(asked on 4th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent estimate his Department has made of the level of household debt in (a) Coventry North East constituency, (b) Coventry, (c) the West Midlands and (d) England.


Answered by
John Glen Portrait
John Glen
This question was answered on 9th November 2020

The Office for National Statistics (ONS) produce estimates of household debt in the UK. According to latest available data, median household non-mortgage debt in the West Midlands between 2016 and 2018 was £4,300. This was the fourth lowest of any English region.

In the UK as a whole, household debt-to-income has fallen from 152% at the start of 2010 to 135% in Q2 2020. This remains significantly below its pre-financial crisis peak of 160% in Q1 2008.

The ONS does not produce estimates of the level of household debt in Coventry, including the Coventry North East constituency, and for England as a whole.

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