§ Mr. JenkinsTo ask the Chancellor of the Exchequer what the average level of personal debt was in each of the last 10 years. [118685]
§ John HealeyThe information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from Colin Mowl to Mr. Jenkins, dated 13 June 2003:
The National Statistician has been asked to reply to your Parliamentary Question on personal debt. I am replying in his absence. (118685).
The figures you requested are given below. These averages have been derived by dividing household sector financial liabilities by the number of adults (aged 16 and over).
The financial liabilities data used in the calculation include liabilities of non-profit institutions serving households (NPISH) in addition to those of households. The accounts for the household and NPISH sectors are currently combined; separate estimates are not available. 1093W
Average level of personal debt Calendar year £ 1993 10,768 1994 11,248 1995 11,766 1996 12,215 1997 12,999 1998 13,796 1999 14,859 2000 16,102 2001 17,657 2002 19,737