UK Personal Debt
Outstanding personal debt stood at £1.443 trillion at the end of April 2014. This is up from £1.424 trillion at the end of April 2013.
Outstanding secured (mortgage) lending stood at £1.283 trillion at the end of April. This is up from £1.268 trillion at the end of April 2013.
Outstanding unsecured (consumer credit) lending stood at £160.2 billion at the end of April 2014. This is up from £156.1 billion at the end of April 2013.
Average household debt in the UK (excluding mortgages) was £6,065 in April. This is up from a revised £6,057 in March.
Average household debt in the UK (including mortgages) was £54,629 in April. This is up from a revised £54,556 in March.
The average amount owed per UK adult (including mortgages) was £28,756 in April. This is up from a revised £28,717 in March and was around 116% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,192 in April. This is up from a revised £3,188 in March.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £114,872 in April.
Based on April 2014 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £58.8 billion. This is equivalent to £161 million per day. This means that UK households would have paid an average of £2,226 in annual interest repayments.
The Office for Budget Responsibility (OBR) predicted in March 2014 that total household debt will reach £2.251 trillion in Q1 2019. This would mean that average household debt would reach £85,220 (assuming that the number of households in the UK remained the same between now and Q1 2019).
Total net lending to individuals by UK Banks and Building Societies rose by £2.4 billion in April 2014. Net secured lending rose by £1.7 billion in the month; net consumer credit lending rose by £0.7 billion.
UK Banks and Building Societies wrote-off £3.42 billion of loans to individuals over the four quarters to Q1 2014. In Q1 2014 itself they wrote-off £669 million (of which £319 million was credit card debt) amounting to a daily write-off of £7.3 million.
Everyday in the UK
277 people are declared insolvent or bankrupt every day (based on Q1 2014 trends). This is equivalent to one person every 5 minutes 12 seconds.
1,910 Consumer County Court Judgements (CCJs) are issued every day (based on Q1 2014 trends). The average value of a Consumer CCJ in Q1 2014 was £2,360.
Citizens Advice Bureaux in England and Wales dealt with 6,519 new debt problems every working day during the year ending March 2014.
It costs an average of £29.65 per day to raise a child from birth to the age of 21.
71 properties are repossessed every day (based on Q1 2014 trends).
The number of people unemployed for over 12 months during the year ending March 2014 fell by 244 per day.
1,400 people a day reported they had become redundant between January and March.
Public Sector Net Borrowing (excluding financial interventions) was £7,364 million in April 2014, meaning that the Government borrowed an average of £245 million per day during the month (equivalent to£2,841 per second).
141 mortgage possession claims are issued and 99 mortgage possession orders are made every day.
525 landlord possession claims are issued and 373 landlord possession orders are made every day.
The UK population grew by 1,114 people a day between 2001 and 2011.
31.5 million plastic card purchase transactions were made every day in March 2014 with a total value of £1.496 billion.
8.82m cash machine transactions were made every day in April with a total value of £357m.
A new car in the £13,000 – £18,000 price bracket travelling 10,000 miles per year costs £14.04 per day to run.
It cost £64.96 to fill a 50 litre tank with unleaded petrol in May.