UK Personal Debt
Total UK personal debt at the end of January 2011 stood at £1,452bn. The twelve-month growth rate remained unchanged at 0.7%. Individuals currently owe more than the entire country produced in the year between Q4 2009 and Q3 2010.
Total lending in January 2011 rose by £1.5bn; secured lending increased by £1.8bn in the month; consumer credit lending decreased by £0.3bn (total lending in Jan 2008 grew by £8.4bn).
Total secured lending on dwellings at the end of January 2011 stood at £1,240bn. The twelve-month growth rate remained unchanged at 0.7%.
Total consumer credit lending to individuals at the end of January 2011 was £212bn. The annual growth rate of consumer credit fell 0.3 percentage points to 0.8%.
UK banks and building societies wrote off £9.7bn of loans to individuals in the 4 quarters to end Q4 2010. In Q4 2010 they wrote off £2.27bn (£1.18m of that was credit card debt). This amounts to a write-off of £24.88m a day.
Average household debt in the UK is ~ £8,416 (excluding mortgages). This figure increases to £16,185 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 ~ £57,635 (including mortgages). If you add to this the March 2010 budget report figure for public sector net debt (PSND) expected in 2015-16 (excluding financial interventions) then this figure rises to £109,857 per household.
Everyday in the UK
337 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 59 seconds during a working day.
1,603 Consumer County Court Judgements (CCJs) were issued every day during Q4 2010 and the average judgement amount was £3,245.
The average person will save £2.73 every day.
Citizena Advice Bureau dealt with 8,004 new debt problems every working day in England and Wales
The average cost of raising a child from birth to the age of 21 is £27.50 a day.
1,000 people are seeking some form of formal debt rescheduling every working day.
87 properties were repossessed every day during Q4 2010
474 new people became unemployed for more than 12 months every day during the 12 months to end December 2010
1,589 people reported they had become redundant every day during 3 months to end December 2010
£145,200,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £1,681 per second).
£120,660,000 is the interest the Government has to pay each day on the UKs net debt of £2244.2bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16.
212 mortgage possession claims will be issued and 163 mortgage possession orders will be made today
377 landlord possession claims will be issued and 251 landlord possession orders will be made today.
The UK population is projected to grow by 1,178 people a day over the next decade
24.1m plastic card purchase transactions will be made today with a total value of £1.153bn.
7.9m cash withdrawals will be made today with a total value of £530m
The average car will cost £16.08 to run today