§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what was the amount of debt per household for every £100 of disposable income at the last date for which figures are available; and if he will make a statement. [12024]
§ Mr. Angela KnightThere are no official estimates of the financial assets and liabilities of the household sector. Estimates for the personal sector—which includes households, individuals, private trusts, unincorporated businesses and non profit-making bodies serving persons—are published by the Central Statistical Office in table 12.2 of the "UK National Accounts", known as the "Blue Book", which is available in the Library of the House. At the end of 1994, the personal sector had financial liabilities worth £524 billion, financial assets worth £1,656 billion, and non-financial assets worth £1,419 billion, implying total net wealth of £2,551 billion. Personal disposable income in 1994 was £473 billion. So, for every £100 of disposable income, the personal sector held £111 of financial liabilities and had total net wealth of £539 at the end of 1994.