Debts

HM Treasury written question – answered on 21st October 2015.

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Photo of Owen Smith Owen Smith Shadow Secretary of State for Work and Pensions

To ask Mr Chancellor of the Exchequer, what assessment he has made of the level of problem debt in the UK.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The Office for National Statistics does not publish data on problem debt in the UK. According to the latest figures published by the Office for National Statistics, unsecured debt as a proportion of income currently stands at 37 per cent in Q2 2015, down from its pre-crisis peak of 46 per cent in Q1 2007.

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