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This inquiry took a broad look at the state of UK household balance sheets, including whether households are saving adequately in the current economic environment, problematic and over-indebtedness, inter-generational issues, lifetime financial planning and the effectiveness of the market in financing solutions and products to low income households.
Evidence given by Christopher Woolard, Director of Strategy and Competition, and Nisha Arora, Director of Market Intelligence, Data and Analysis, Financial Conduct Authority; John Glen MP, Economic Secretary to the Treasury and City Minister, and John Owen, Deputy Director, Assets, Savings and Pensions, HM Treasury, Guy Opperman MP, Parliamentary Under-Secretary of State for Pensions and Financial Inclusion, and Charlotte Clark, Director, Private Pensions and Stewardship, Department for Work and Pensions (at 3.30pm).
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Treasury Committee publishes Household finances: income, saving and debt response