https://commonslibrary.parliament.uk/research-briefings/sn02885/<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4639", "label" : {"_value" : "Biography information for Bim Afolami"}
}
, "answeringMemberConstituency" : {"_value" : "Hitchin and Harpenden"}
, "answeringMemberPrinted" : {"_value" : "Bim Afolami"}
, "dateOfAnswer" : {"_value" : "2024-01-15", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-01-15T14:21:44.04Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2024-01-05", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what recent assessment he has made of trends in the level of household debt.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4651", "label" : {"_value" : "Biography information for Dan Carden"}
}
, "tablingMemberConstituency" : {"_value" : "Liverpool, Walton"}
, "tablingMemberPrinted" : [{"_value" : "Dan Carden"}
], "uin" : "8109"}
, {"_about" : "http://data.parliament.uk/resources/1674228", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1674228/answer", "answerText" : {"_value" : "The Government regularly engages with the Bank of England, Financial Conduct Authority (FCA) and the Money and Pensions Service (MaPS) to monitor personal finances. <\/p>
The Government remains committed to helping people in problem debt access the support they need to get their finances back on track. This is why the Government continues to maintain record levels of debt advice funding for MaPS to provide debt advice in England, bringing their debt advice budget to £92.7 million in 2023/24.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4580", "label" : {"_value" : "Biography information for Baroness Vere of Norbiton"}
}
, "answeringMemberPrinted" : {"_value" : "Baroness Vere of Norbiton"}
, "dateOfAnswer" : {"_value" : "2023-12-12", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-12-12T17:47:47.767Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-11-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask His Majesty's Government what assessment they have made of the risk of an increase in unaffordable consumer debt, including credit-card debt, in the new year.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL741"}
, {"_about" : "http://data.parliament.uk/resources/1581772", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1581772/answer", "answerText" : {"_value" : "
The Government and the Financial Conduct Authority (FCA) expect financial services firms to take whatever steps they can to support and provide appropriate level of care to their customers. This includes offering tailored support to customers struggling to pay their mortgage or other loans.<\/p>
<\/p>
In June 2022, the FCA published \u2018Dear CEO\u2019 letters to firms and reiterated the FCA\u2019s expectations on firms dealing with borrowers in financial difficulty. This includes expectations on firms to provide appropriate level of care and support to their customers; to give borrowers in financial difficulty appropriate tailored forbearance that is in their interests taking account of their individual circumstances; and to support borrowers showing signs of financial difficulty or struggling with debt, by making them aware of and helping them access money guidance or free debt advice.<\/p>
<\/p>
More recently, the FCA published findings from their comprehensive review of firms\u2019 treatment of borrowers in financial difficulty following the pandemic and is taking action to ensure high standards.<\/p>
<\/p>
To help people in problem debt, the Government launched the Breathing Space scheme in England and Wales in 2021. The scheme gives eligible people in problem debt who receive professional debt advice access to a 60-day period in which enforcement action is paused and most fees, charges and interest are frozen.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"}
}
, "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"}
, "answeringMemberPrinted" : {"_value" : "Andrew Griffith"}
, "dateOfAnswer" : {"_value" : "2023-02-03", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-02-03T12:32:41.64Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2023-01-30", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of introducing a limit on the number of times creditors can contact people in debt.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1548", "label" : {"_value" : "Biography information for Jessica Morden"}
}
, "tablingMemberConstituency" : {"_value" : "Newport East"}
, "tablingMemberPrinted" : [{"_value" : "Jessica Morden"}
], "uin" : "135151"}
, {"_about" : "http://data.parliament.uk/resources/1546518", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1546518/answer", "answerText" : {"_value" : "
The amount of sovereign debt held by private sector creditors differs significantly across countries. Over the last decade, the share of sovereign debt held by different types of private sector creditors has increased relative to official bilateral and multilateral creditors, particularly in low-income countries. For example, a recent World Bank publication noted that at end-2020, low-and middle-income countries owed five times as much to private sector creditors as they did to bilateral creditors. According to the IMF, for the 73 low-income countries eligible for the G20 Debt Service Suspension Initiative, the share of external debt owed to the private sector increased from 10 percent of GDP in 2006 to 19 percent of GDP in 2020.<\/p>
<\/p>
As most private debt takes the form of tradable instruments, the amount of international debt held by individuals registered in the UK can fluctuate on a regular basis. Figures from the Office for National Statistics estimate that UK investors owned around £12,663 billion of investment in international assets at the end of 2021.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"}
}
, "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"}
, "answeringMemberPrinted" : {"_value" : "Andrew Griffith"}
, "dateOfAnswer" : {"_value" : "2022-12-07", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-12-07T14:04:39.377Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-11-29", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what recent estimate he has made of the amount of international debt held by (a) private sector companies and (b) individuals registered in the UK.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4790", "label" : {"_value" : "Biography information for Apsana Begum"}
}
, "tablingMemberConstituency" : {"_value" : "Poplar and Limehouse"}
, "tablingMemberPrinted" : [{"_value" : "Apsana Begum"}
], "uin" : "98930"}
, {"_about" : "http://data.parliament.uk/resources/1536316", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1536316/answer", "answerText" : {"_value" : "
I refer the Hon Member to the answer that I gave on 28 October 2022 to PQ UIN71099.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"}
}
, "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"}
, "answeringMemberPrinted" : {"_value" : "Andrew Griffith"}
, "dateOfAnswer" : {"_value" : "2022-10-31", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-10-31T14:22:48.907Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what recent assessment he has made of trends in the regional spread of household debt in each of the last three years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4378", "label" : {"_value" : "Biography information for Colleen Fletcher"}
}
, "tablingMemberConstituency" : {"_value" : "Coventry North East"}
, "tablingMemberPrinted" : [{"_value" : "Colleen Fletcher"}
], "uin" : "72287"}
, {"_about" : "http://data.parliament.uk/resources/1488076", "AnsweringBody" : [{"_value" : "Department for Levelling Up, Housing and Communities"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1488076/answer", "answerText" : {"_value" : "
The heart of the Government's Levelling Up White paper is focused on building successful and strong places, which are more economically resilient by nature and able to respond to changing economic trends. Alongside this long-term plan, the Government is also delivering national measures to continue to help people in problem debt. Key initiatives include:<\/p>
- Maintaining record levels of debt advice funding for the Money and Pensions Service (MaPS), bringing the budget for free debt advice in England to over £90 million in 2022-23.<\/li>
- Launching the Breathing Space scheme in England and Wales last year. The scheme gives eligible people in problem debt who receive professional debt advice access to a 60-day period in which enforcement action is paused and most fees, charges and interest are frozen.<\/li>
- Developing the Statutory Debt Repayment Plan (SDRP), a statutory agreement that will enable a person in problem debt to combine their debts into a single repayment plan, with payments made over a manageable time period, while receiving legal protections from creditor action for the duration of their plan.<\/li><\/ul>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4851", "label" : {"_value" : "Biography information for Lia Nici"}
}
, "answeringMemberConstituency" : {"_value" : "Great Grimsby"}
, "answeringMemberPrinted" : {"_value" : "Lia Nici"}
, "dateOfAnswer" : {"_value" : "2022-07-14", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "33772"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-07-14T16:20:02.333Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "211"}
, "answeringDeptShortName" : {"_value" : "Levelling Up, Housing and Communities"}
, "answeringDeptSortName" : {"_value" : "Levelling Up, Housing and Communities"}
, "date" : {"_value" : "2022-07-11", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Levelling Up, Housing and Communities, what assessment he has made of the potential impact of trends in the level of unsecured personal debt on the Government's levelling up agenda.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4082", "label" : {"_value" : "Biography information for Lisa Nandy"}
}
, "tablingMemberConstituency" : {"_value" : "Wigan"}
, "tablingMemberPrinted" : [{"_value" : "Lisa Nandy"}
], "uin" : "33769"}
, {"_about" : "http://data.parliament.uk/resources/1488084", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1488084/answer", "answerText" : {"_value" : "
To inform policy making, the Government is committed to understanding personal debt levels across the UK and at a regional level; it does this by drawing on a number of different data sources. This is used to help individuals manage their money well, encourage them to build their financial resilience and seek appropriate help if they need support with their personal finances<\/p>
<\/p>
Relevant organisations measure personal debt levels and define \u2018problem debt\u2019 in different ways. HM Treasury do not hold data on levels of personal debt or problem debt but monitors these measures regularly by working closely with the Money and Pensions Service (MaPS), the Financial Conduct Authority and by engaging with the debt advice sector and other relevant stakeholders on their research and findings.<\/p>
<\/p>
The latest data on people\u2019s personal finances were published by MaPS on 23 February 2022. MaPS monitors financial difficulty through an annual survey of 22,000 individuals. This includes a regional breakdown of how the need for debt advice changed since 2019 across the UK. The MaPS data shows that every region and nation of the UK has seen an increase in the number of people needing advice since 2019, and that the concentration of need is highest in London, the West Midlands and the North of England. The summary of their findings can be found in the link below:<\/p>
<\/p>
Who needs debt advice in 2022? | The Money and Pensions Service (maps.org.uk)<\/a><\/p> <\/p>
MaPS also intends to publish constituency-level results later this year.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3912", "label" : {"_value" : "Biography information for Richard Fuller"}
}
, "answeringMemberConstituency" : {"_value" : "North East Bedfordshire"}
, "answeringMemberPrinted" : {"_value" : "Richard Fuller"}
, "dateOfAnswer" : {"_value" : "2022-07-14", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : {"_value" : "33771"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-07-14T16:51:30.113Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-07-11", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Debts"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, what estimate his Department has made of (a) regional variations in and (b) which (i) regions and (ii) towns and cities have the highest personal debt levels.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4082", "label" : {"_value" : "Biography information for Lisa Nandy"}
}
, "tablingMemberConstituency" : {"_value" : "Wigan"}
, "tablingMemberPrinted" : [{"_value" : "Lisa Nandy"}
], "uin" : "33770"}
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}