UK Personal Debt
Outstanding personal debt stood at £1.432 trillion at the end of November 2013. This is up from £1.420 trillion at the end of November 2012.
Outstanding secured (mortgage) lending stood at £1.273 trillion at the end of November 2013.This is up from £1.265 trillion at the end of November 2012.
Outstanding unsecured (consumer credit) lending stood at £158.9 billion at the end of November 2013. This is up from £156.0 billion at the end of November 2012.
Average household debt in the UK (excluding mortgages) was £6,016 in November. This is up from a revised £6,005 in October.
Average household debt in the UK (including mortgages) was £54,197 in November. This is up from a revised £54,128 in October.
The average amount owed per UK adult (including mortgages) was £28,528 in November. This is up from a revised £28,491 in October and was around 115% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,167 in November. This is up from a revised £3,161 in October.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £113,549 in November.
Based on November 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.4 billion. This is equivalent to £163 million per day. This means that UK households would have paid an average of £2,251 in annual interest repayments.
Total net lending to individuals by UK Banks and Building Societies rose by £1.5 billion in November 2013. Net secured lending rose by £0.9 billion in the month; net consumer credit lending rose by £0.6 billion.
UK Banks and Building Societies wrote-off £3.63 billion of loans to individuals over the four quarters to Q3 2013. In Q3 2013 itself they wrote-off £1,008 million (of which £397 million was credit card debt) amounting to a daily write-off of £11.0 million.
Everyday in the UK
285 people are declared insolvent or bankrupt every day (based on Q3 2013 trends). This is equivalent to one person every 5 minutes 3 seconds.
1,655 Consumer County Court Judgements (CCJs) are issued every day (based on Q3 2013 trends). The average value of a Consumer CCJ in Q3 2013 was £2,383.
Citizens Advice Bureaux in England and Wales dealt with 7,015 new debt problems every working day during the year ending September 2013.
79 properties are repossessed every day (based on Q3 2013 trends).
The number of people unemployed for over 12 months during the year ending October 2013 fell by 104 per day.
1,315 people a day reported they had become redundant between August to October 2013.
Public Sector Net Borrowing (excluding financial interventions) was £16,505 million in November 2013, meaning that the Government borrowed an average of £550 million per day during the month (equivalent to £6,368 per second).
156 mortgage possession claims are issued and 106 mortgage possession orders are made every day.
488 landlord possession claims are issued and 340 landlord possession orders are made every day.
29.9 million plastic card purchase transactions were made every day in October 2013 with a total value of £1.479 billion.
9.01 million cash machine transactions were made every day in November with a total value of £366 million.
It cost £65.60 to fill a 50 litre tank with unleaded petrol in December.