1 in 33 people in work
estimated to become unemployed in 2009
average household debt (including mortgages)
interest paid in UK daily
every 11.5 minutes
a property is repossessed
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
Subscribe to Debt Statistics.
We promise to never share your details with any third-party, and we never spam.