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809616
registered interest false more like this
date less than 2017-12-19more like thismore than 2017-12-19
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Credit Cards: Debts more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the contribution of credit card debt to personal insolvency over the last five years. more like this
tabling member constituency Walthamstow remove filter
tabling member printed
Stella Creasy more like this
uin 120254 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-08more like thismore than 2018-01-08
answer text <p>The Insolvency Service regularly assesses how changes in debt levels impact on the number of personal insolvencies. It considers a wide range of economic indicators to determine which has the greater impact on levels of personal insolvency. Over the last five years, the analysis has shown that total household debt is a better indicator of personal insolvency movements than levels of credit card debt.</p> more like this
answering member constituency Stourbridge more like this
answering member printed Margot James more like this
question first answered
less than 2018-01-08T15:45:16.33Zmore like thismore than 2018-01-08T15:45:16.33Z
answering member
4115
label Biography information for Margot James more like this
tabling member
4088
label Biography information for Stella Creasy more like this