Chris Ruane
Labour, Vale of Clwyd
To ask the Chancellor of the Exchequer what the level of household debt was in each region in each year for which figures are available.
Sajid Javid
The Economic Secretary to the Treasury
In the UK National Accounts the most appropriate measure of household debt is the total financial liabilities of the Household and Non Profit Institutions Serving Households (NPISH) combined sector. Although the sectors are not split, NPISH (which includes, for example, charities, trade unions and churches) makes up less than 5% of the total financial liabilities.
Data for the total financial liabilities of the Household and NPISH sector exist only at the UK national level and have a time series going back to 1987, as shown in Table 1.
Annual data for 2012 are not yet available. Total financial liabilities of the Household and NPISH sector in 2012 Q3 was £1,538 billion.
These data are published by the Office for National Statistics.
| Table 1: Total financial liabilities of the Household and NPISH sector, final quarter of each year (apart from 2012) | |
| £ billion | |
| 1987 | 270 |
| 1988 | 323 |
| 1989 | 372 |
| 1990 | 418 |
| 1991 | 450 |
| 1992 | 469 |
| 1993 | 486 |
| 1994 | 508 |
| 1995 | 532 |
| 1996 | 552 |
| 1997 | 589 |
| 1998 | 628 |
| 1999 | 677 |
| 2000 | 734 |
| 2001 | 810 |
| 2002 | 922 |
| 2003 | 1,049 |
| 2004 | 1,182 |
| 2005 | 1,256 |
| 2006 | 1,413 |
| 2007 | 1,521 |
| 2008 | 1,550 |
| 2009 | 1,533 |
| 2010 | 1,541 |
| 2011 | 1,529 |
| 2012 (Q3) | 1,538 |
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