Work and Pensions written question – answered at on 12 October 2011.
To ask the Secretary of State for Work and Pensions pursuant to the answer of 6 September 2011, Official Report, column 462W, on crisis loans, how much has been repaid against crisis loans made in each year; and after what period outstanding loans are written off.
The following table shows how much has been repaid against crisis loans made in each year.
Amount repaid against crisis loans (£ million) | |
2008-09 | 83.10 |
2009-10 | 119.4 |
2010-11 | 123.7 |
Notes: 1. The figures are from the annual report by the Secretary of State on the social fund for the relevant year. 2. Examples of when a debt might be written off because there is no prospect of recovery are: deceased and no estate to recover from gone abroad long-term custodial sentence certain insolvency cases |
The social fund does not have a time limit for writing off debt. Unless there is no prospect of recovery, the right to recover social fund loans continues to be exercised until the debt is repaid.
Yes2 people think so
No1 person thinks not
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