The Money Statistics October 2013

£54,141 was the average household debt (including mortgages) in August.

£164m was the daily amount of interest paid on personal debt in August.

1326 people were made redundant every day between May and July.

899,000 people had been unemployed for over a year between May and July.

Every 17 mins and 4 secs a property is repossessed.

Every 5 mins 7 secs someone is declared insolvent or bankrupt.

UK Personal Debt

Outstanding personal debt stood at £1.427 trillion at the end of August 2013. This is up from £1.421 trillion at the end of August 2012

Outstanding secured (mortgage) lending stood at £1.268 trillion at the end of August 2013. This is up from £1.264 trillion at the end of August 2012.

Outstanding unsecured (consumer credit) lending stood at £158.7 billion at the end of August 2013. This is up from £156.8 billion at the end of August 2012.

Average household debt in the UK (excluding mortgages) was £6,020 in August. This is up from a revised £6,007 in July.

Average household debt in the UK (including mortgages) was £54,141 in August. This is up from a revised £54,111 in July.

The average amount owed per UK adult (including mortgages) was £28,630 in August. This is up from a revised £28,614 in July 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 £3,183 in August. This is up from a revised £3,177 in July.

The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,640 in August.

Based on August 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.8 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,267 in annual interest repayments.

The Office for Budget Responsibility (OBR) predicted in March 2013 that total household debt will reach £1.931 trillion in Q1 2018. This would mean that average household debt would reach £73,284 (assuming that the number of households in the UK remained the same between now and Q1 2018).

Total net lending to individuals by UK Banks and Building Societies rose by £1.6 billion in August 2013. Net secured lending rose by £1.0 billion in the month; net consumer credit lending rose by £0.6 billion.

UK Banks and Building Societies wrote-off £3.67 billion of loans to individuals over the four quarters to Q2 2013. In Q2 2013 itself they wrote-off £694 million (of which £371 million was credit card debt) amounting to a daily write-off of £7.61 million.

Everyday in the UK

282 people are declared insolvent or bankrupt every day (based on Q2 2013 trends). This is equivalent to one person every 5 minutes 7 seconds.
1,317 Consumer County Court Judgements (CCJs) are issued every day (based on Q2 2013 trends). The average value of a Consumer CCJ in Q2 2013 was £2,766.
Citizens Advice Bureaux in England and Wales dealt with 7,420 new debt problems every working day during the year ending June 2013.
It costs an average of £29.02 per day to raise a child from birth to the age of 21.
84 properties are repossessed every day (based on Q2 2013 trends).
An additional 14 people a day became unemployed for over 12 months during the year ending July 2013.

1,326 people a day reported they had become redundant between May and July 2013.

Public Sector Net Borrowing (excluding financial interventions) was £13,157 million in August 2013, meaning that the Government borrowed an average of £424m per day during the month (equivalent to £4,912 per second).

141 mortgage possession claims are issued and 113 mortgage possession orders are made every day

431 landlord possession claims are issued and 319 landlord possession orders are made every day.

The UK population grew by 1,123 people a day between 2001 and 2011.

30.9m plastic card purchase transactions were made every day in July 2013 with a total value of £1.473 billion.
9.00m cash machine transactions were made every day in August with a total value of £368m.
A new car in the £13,000 – £18,000 price bracket travelling 10,000 miles per year costs £16.23 per day to run.

 

It cost £68.80 to fill a 50 litre tank with unleaded petrol in September.