Household debt: Data on the latest household debt statistics, including net lending, mortgage interest rates and insolvencies.Jump to full report >>
Household debt peaked in Q1 2008 at 157% of household gross domestic income. It then fell untill 2014.
It rose for 6 successive quarters from the first quarter of 2016. In the last quarter of 2017 it was 138% of disposable income.
The average Standard Variable Rate (SVR) was 4.23% in February 2018, slightly down on the level seen a year ago.
The average 2-year fixed mortgage rate was 1.49% in February, down up on the level seen a year ago.
There were 25,401 individual insolvencies in England and Wales in Q4 2017, a similar level to the previous quarter, and 10% up on the same period in 2016. There were almost 100,000 individual insolvencies in 2017, the highest annual total since 2014.
In Scotland, there were 2,691 individual insolvencies in Q4 2017, a fall of 2.1% on a year earlier. In Northern Ireland, there were 640 individual insolvencies in Q4 2017, an increase of 3.7% on a year earlier.
Commons Briefing papers SN02885
Author: Chris Rhodes