- Personal debt in the UK stands at £1.4 tn with an average household owing £54,000, compared with £29,000 a decade ago
- Unsecured consumer debt has almost tripled since 1993, reaching nearly £160bn
- Poorest 10% of household in the country have average debts more than 4x their annual income
- More than 8 million households now have no savings at all
- 26,000 UK households have been accepted by councils as homeless in the last five years because of rent and mortgage arrears, with 5,036 becoming homeless last year
- Payday lenders have increased business from £900 million in 2008/09 to just over £2 billion in 2011/12.
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Philip Hammond has dismissed concerns that abolishing stamp duty for first-time buyers will push up house prices.
Elsewhere it will be largely sunny, though with gusty winds at times, and a few showers likely in places.
Heavy rain has caused widespread flooding and travel disruption across north west England and North Wales.