September 2009

1 in 33 people in work

estimated to become unemployed in 2009

£58,280

average household debt (including mortgages)

£181m

interest paid in UK daily

every 11.5 minutes

a property is repossessed

3,063 people

made redundant every day

1 person every 3.97 minutes

declared bankrupt or insolvent

£5,505 a second

increase in Government national debt

Total UK personal debt

Total lending in July 2009 fell by £0.6bn, showing a net repayment for the first time in the series; secured lending showed a net repayment of £0.4bn in the month; consumer credit lending fell by a net £0.2bn (total lending in Jan 2008 grew by £8.4bn).

Total UK personal debt at the end of July 2009 stood at £1,457bn. This has slowed further to 0.3% in the last 12 months which equates to an increase of ~ £3.4bn (the increase was ~£116bn in January 2008).

Total secured lending on dwellings at the end of July 2009 stood at £1,226bn. The twelve-month growth rate fell further, by 0.3 percentage points to 0.8%.

Total consumer credit lending to individuals at the end of July 2009 was £231bn. The annual growth rate of consumer credit continued to fall, to 1.4%.

Average household debt in the UK is ~ £9,226 (excluding mortgages). This figure increases to £21,457 if the average is based on the number of households who actually have some form of unsecured loan.

Average household debt in the UK is ~ £58,280 (including mortgages).
If you add to this the 2009 budget figure for public sector net debt (PSND) expected in 2013-14 then this figure rises to £116,120 per household.

Average owed by every UK adult is ~ £30,188 (including mortgages). This is 130% of average earnings.
Average outstanding mortgage for the 11.1m households who currently have mortgages now stands at ~ £110,476.

Britain's interest repayments on personal debt were £65.9bn in the last 12months. The average interest paid by each household on their total debt is approximately £2,637 each year.

Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,780 per average UK adult at the end of July 2009.

During July 2009 Britain's personal debt decreased by ~ £1 million every 112 minutes. In January 2008 Britain's personal debt increased by ~ £1 million every 5.3 minutes.

Today in the UK

The average household debt will decrease by £0.52 today (it grew by £11.11 a day in January 2008)
362 people today will be declared insolvent or bankrupt. KPMG estimate this will increase to 411 people a day throughout 2009 or 1 person becoming bankrupt or entering into an Individual Voluntary Arrangement (IVA) every 3.5 minutes.
In the last 12 months consumers saved an average of £2.96 every day
2,000 Consumer County Court Judgements (CCJs) were issued every day in the first 3 months of 2009
125 properties were repossessed every day during the last 3 months to end June 2009. The Council of Mortgage lenders estimates this will increase to approximately 178 a day throughout 2009.
Unemployment increased by 2,411 people every day during 3 months to end June 2009.
3,036 people reported they had become redundant every day during 3 months to end June 2009.
£476m is the amount that the Government Public Sector net debt (PSDN) will grow today (equivalent to £5,505 per second).
£80m is the interest the Government has to pay each day on the UKs net debt of £801bn. This is projected to rise to £118m a day (£43bn) in 2010 – 2011 financial year.
33,600 applications for credit have been turned down every day during the past six months.
287 mortgage possession claims will be issued and 209 mortgage possession orders will be made today
377 landlord possession claims will be issued and 258 landlord possession orders will be made today.
20.8m plastic card purchase transactions will be made today with a total value of £1.03bn.
Citizen Advice Bureaus dealt with 7,423 new debt problems every day
The average car will cost £16.80 to run today
£578m will be withdrawn from cash machines today

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