§ Mr. Favell
To ask the Secretary of State for Trade and Industry what figures he has regarding trends in defaults on credit cards and other consumer debt.
§ Mr. Leigh
There are no national periodic statistics of defaults on credit cards. The Central Statistical Office collects statistics on amounts written off by finance houses 29W and other specialist credit grantors under agreements with consumers. The amounts written off in each of the last five years were:
£ million 1986 243 1987 259 1988 276 1989 328 1990 460