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Interest Rates And Household Debt

EDM number 913 in 2013-14, proposed by Margaret Ritchie on 07/01/2014.
Categorised under the topics of Financial services, Incomes and poverty and Mortgages.

That this House recognises the difficult economic times and financial challenges faced by families; highlights the impact that a rise in the base rate of interest would have on homeowners who would face increasing mortgage demands; draws attention to a recent report by the Resolution Foundation which demonstrates that a rise in interest rates could put two million households into a dangerous financial situation, with over half of these cases involving families with children; acknowledges that many homeowners already face a strain on their household income from rising petrol prices and home energy costs; further recognises that household debt held on credit cards, especially after Christmas, will bring a further burden to many people; and urges the Government to bring forward measures to prevent an escalating household debt crisis.

This motion has been signed by a total of 26 MPs.

MPDateConstituencyPartyType
Margaret Ritchie07/01/2014South DownSocial Democratic and Labour PartyProposed
Michael Weir08/01/2014AngusScottish National PartySeconded
Jim Shannon08/01/2014StrangfordDUPSeconded
Jim Dobbin08/01/2014Heywood and MiddletonLabourSeconded
Gregory Campbell08/01/2014East LondonderryDUPSeconded
Martin Caton08/01/2014GowerLabourSeconded
Mark Durkan08/01/2014FoyleSocial Democratic and Labour PartySigned
William McCrea09/01/2014South AntrimDUPSigned
Jim Cunningham13/01/2014Coventry SouthLabourSigned
Alan Meale13/01/2014MansfieldLabourSigned
Lady Hermon13/01/2014North DownIndependentSigned
Mary Glindon13/01/2014North TynesideLabourSigned
David Simpson14/01/2014Upper BannDUPSigned
Alasdair McDonnell15/01/2014Belfast SouthSocial Democratic and Labour PartySigned
Nigel Dodds15/01/2014Belfast NorthDUPSigned
Paul Murphy15/01/2014TorfaenLabourSigned
Steve Rotheram15/01/2014Liverpool, WaltonLabourSigned
Elfyn Llwyd15/01/2014Dwyfor MeirionnyddPlaid CymruSigned
Yasmin Qureshi16/01/2014Bolton South EastLabourSigned
David Crausby21/01/2014Bolton North EastLabourSigned
Naomi Long22/01/2014Belfast EastAllianceSigned
Lindsay Roy27/01/2014GlenrothesLabourSigned
Stephen Hepburn29/01/2014JarrowLabourSigned
Bob Russell29/01/2014ColchesterLiberal DemocratSigned
George Galloway05/02/2014Bradford WestRespectSigned
Jim Sheridan12/02/2014Paisley and Renfrewshire NorthLabourSigned

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