HM Treasury written question – answered on 8th January 2018.

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Photo of Lord Elystan-Morgan Lord Elystan-Morgan Crossbench

To ask Her Majesty's Government what assessment they have made of how the UK compares with the Republic of Ireland, Canada and New Zealand in the provision of personal credit to its citizens.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The government has not made a formal assessment of this kind.

The Bank for International Settlements publishes international comparisons of credit provision. In the latest figures from Q2 2017, total credit to the non-financial sector as a percentage of GDP was 281.0 in the UK, 345.2 in the Republic of Ireland, 296.0 in Canada, and 208.3 in New Zealand.

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