UK Personal Debt
Outstanding personal debt stood at £1.426 trillion at the end of July 2013. This is up from £1.421 trillion at the end of July 2012.
Outstanding secured (mortgage) lending stood at £1.268 trillion at the end of July 2013. This is up from £1.264 trillion at the end of July 2012.
Outstanding unsecured (consumer credit) lending stood at £158.3 billion at the end of July 2013. This is up from £157.3 billion at the end of July 2012.
Average household debt in the UK (excluding mortgages) was £6,005 in July. This is up from a revised £5,931 in June.
Average household debt in the UK (including mortgages) was £54,110 in July. This is up from a revised £54,014 in June.
The average amount owed per UK adult (including mortgages) was £28,614 in July. This is up from a revised £28,563 in June 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 £3,176 in July. This is up from a revised £3,136 in June.
The estimated average outstanding mortgage for the 11.3m households that carry mortgage debt stood at £112,604 in July.
Based on July 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.9 billion. This is equivalent to £164 million per day. This means that UK households would have paid an average of £2,272 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 £1.3 billion in July 2013. Net secured lending rose by £0.7 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 £7.61m.
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 7,824 new debt problems every working day during the year ending March 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 77 people a day became unemployed for over 12 months during the year ending June 2013.
1,348 people a day reported they had become redundant between April and June 2013.
Public Sector Net Borrowing (excluding financial interventions) was £62 million in July 2013, meaning that the Government borrowed an average of £2m per day during the month (equivalent to £23 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.
29.3m plastic card purchase transactions were made every day in June 2013 with a total value of £1.432 billion.
8.93m cash machine transactions were made every day in July with a total value of £360m.
A new car in £13,000 – £18,000 bracket travelling 10,000 miles per year costs £16.23 per day to run.
It cost £68.75 to fill a 50 litre tank with unleaded petrol in July.