UK Personal Debt
Outstanding personal debt stood at £1.458 trillion at the end of June 2012.
This is up from £1.450 trillion at the end of June 2011.
Individuals owed nearly as much as the entire country produced during the whole of 2011.
Outstanding secured (mortgage) lending stood at £1.252 trillion at the end of June 2012.
This is up from £1.241 trillion at the end of June 2011.
Outstanding unsecured (consumer credit) lending stood at £207 billion at the end of June 2012.
This is down from £209 billion at the end of June 2011.
Average household debt in the UK (excluding mortgages) was £7,854 in June.
This is down from a revised £7,867 in May.
Average household debt in the UK (including mortgages) was £55,448 in June.
This is down from a revised £55,472 in May.
The average amount owed per UK adult (including mortgages) was £29,687 in June. This was around 121% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £4,205 in June.
The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £111,196 in June.
This is equivalent to £174 million per day.
This means that UK households would have paid an average of £2,417 in annual interest repayments.
The Office for Budget Responsibility (OBR) predicts that total household debt will reach £2.044 trillion in Q1 2017.
This would mean that average household debt would reach £77,719 (assuming that the number of households in the UK remained the same between now and Q1 2017).
Net lending by UK Banks and Building Societies rose by £0.3 billion in total in June 2012.
Net secured lending fell by £0.4 billion in the month.
Net consumer credit lending rose by £0.6 billion.
UK Banks and Building Societies wrote-off £6.3 billion of loans to individuals over the 4 quarters to Q1 2012.
In Q1 2012 itself they wrote-off £1.28 billion (of which £568 million was credit card debt) amounting to a daily write-off of £14.03m.
Everyday in the UK
Based on the latest available data, Credit Action estimates that every day in the UK:
314 people are declared insolvent or bankrupt every day (based on Q1 2012 trends). This is equivalent to 1 person every 63 seconds during each working day.
1,443 Consumer County Court Judgements (CCJs) are issued every day (based on Q1 2012 trends). The average value of a Consumer CCJ in Q1 2012 was £2,866.
Citizens Advice Bureaux in England and Wales dealt with 8,551 new debt problems every working day during the year ending March 2012.
It costs an average of £28.44 per day to raise a child from birth to the age of 21.
105 properties are repossessed every day (based on Q1 2012 trends).
197 new people a day became unemployed for over 12 months during the year ending May 2012.
1,607 people a day reported they had become redundant between March and May 2012.
The Government’s Public Sector Net Debt (including financial interventions) will grow by an average of £24,900,000 today, equivalent to £288 per second (based on June 2012 data).
The Government pays an estimated £156,710,000 of interest each day on the UK’s Public Sector Net Debt of £2268.1bn (including financial interventions).
182 mortgage possession claims are issued and 141 mortgage possession orders are made every day
400 landlord possession claims are issued and 277 landlord possession orders are made every day.
The UK population is growing by an estimated 1,342 people a day.
28.3m plastic card purchase transactions were made every day in May 2012 with a total value of £1.369 billion.
8.8m cash machine transactions were made every day in June with a total value of £348m.
The average car costs £18.33 per day to run.
It cost £66.10 to fill a 50 litre tank with unleaded petrol in July.