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<p>The latest data shows median household financial debt in the North West is the
second lowest of any English region.</p><p> </p><p>In the UK as a whole, household
debt-to-income has increased marginally from 141% 12 months ago to 145% in Q1 2017.
This remains significantly below the pre-crisis peak of 160% in Q1 2008.</p><p> </p><p>The
independent Financial Policy Committee (FPC) was set up by the government to assess
and mitigate financial stability risks, including from household debt. The FPC has
taken action to ensure against a significant rise in highly indebted households.</p>
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