HM Treasury does not hold information on the number or profile of over-indebted consumers, nor is there any universally agreed definition of what constitutes an over-indebted consumer.<\/p>
<\/p>
The Money Advice Service (MAS) has statutory responsibility to assist members of the public with the management of debt, and within this remit MAS publishes data on the levels of over-indebtedness in the UK. Their most recent report, A Picture of Over-Indebtedness, estimates the statistical likelihood of individuals being over indebted based on a number of characteristics and is available online:<\/p>
<\/p>
https://www.moneyadviceservice.org.uk/en/corporate/a-picture-of-over-indebtedness<\/a><\/p> <\/p> The technical report includes detailed data and a description of the methodology, and is also available online:<\/p> <\/p> https://masassets.blob.core.windows.net/cms/files/000/000/336/original/MAS_PictureOverindebtedness_TechnicalReport_March2016.pdf<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4107", "label" : {"_value" : "Biography information for Dame Harriett Baldwin"}
}
, "answeringMemberConstituency" : {"_value" : "West Worcestershire"}
, "answeringMemberPrinted" : {"_value" : "Harriett Baldwin"}
, "dateOfAnswer" : {"_value" : "2016-04-22", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2016-04-22T10:18:30.773Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "CaTreasury"}
, "date" : {"_value" : "2016-04-13", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask Mr Chancellor of the Exchequer, how many over-indebted consumers there were from each socio-economic group in the most recent period for which figures are available.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1400", "label" : {"_value" : "Biography information for Kevin Brennan"}
}
, "tablingMemberConstituency" : {"_value" : "Cardiff West"}
, "tablingMemberPrinted" : [{"_value" : "Kevin Brennan"}
], "uin" : "33840"}
, {"_about" : "http://data.parliament.uk/resources/482996", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/482996/answer", "answerText" : {"_value" : " In 2008 and 2009 HM Treasury made a number of interventions to support institutions including Royal Bank of Scotland (RBS), Bradford & Bingley and Northern Rock.<\/p> <\/p> Full details of the funds used and outstanding balances can be found at the Office of Budget Responsibility\u2019s (OBR) website and at UK Financial Investments\u2019 (UKFI) website:-<\/p>