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 Coventry; and if he will make a statement.
The Office for National Statistics (ONS) produce estimates of the level of household debt in the UK.
The latest available regional data, covering the period 2012 to 2014, shows median household financial debt in the West Midlands is the lowest of any English region. In the UK as a whole, household debt-to-income was 140% in Q2 2018. This remains significantly below the pre-crisis peak of 160% in Q1 2008. Debt interest payments as a share of income remain low by historical standards and below pre-crisis levels. Household net financial wealth as a proportion of income remains close to record highs and above pre-crisis levels.
The ONS does not produce estimates of the level of household debt in Coventry.