Owen Smith – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Owen Smith on 2015-10-13.

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

Harriett Baldwin

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.