UK Debt Statistics - September

Below is the new debt statistics which have been released by Credit Action for September;

Total UK personal debt at the end of July 2011 stood at £1,451bn. The twelve-month growth rate increased 0.1 percentage points to 0.9%. Individuals currently owe nearly as much as the entire country produced between Q2 2010 and Q1 2011.

Total lending in July 2011 rose by £0.9bn; secured lending increased by £0.7bn in the month consumer credit lending increased by £0.2bn (total lending in Jan 2008 grew by £8.4bn).

Total secured lending on dwellings at the end of July 2011 stood at £1,242bn. The twelve-month growth rate increased 0.1 percentage points to 0.8%.

Total consumer credit lending to individuals at the end of July 2011 was £209bn.The annual growth rate of consumer credit remained at 1.7%.

UK banks and building societies wrote off £8.0bn of loans to individuals in the 4 quarters to end Q2 2011. In Q2 2011 they wrote off £2.06bn (£1.15bn of that was credit card debt). This amounts to a write-off of £22.54m a day.

Average household debt in the UK is ~ £8,055 (excluding mortgages). This figure increases to £15,491 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 ~ £55,814 (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 £106,429 per household.

Today in the UK

334 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.
1,391 Consumer County Court Judgements (CCJs) were issued every day during Q2 2011 and the average judgement amount was £3,345.
Citizen Advice Bureaux dealt with 9,072 new debt problems every working day in England and Wales during the year ending March 2011.
The average cost of raising a child from birth to the age of 21 is £27.50 a day.
99 properties were repossessed every day during Q2 2011.
112 new people became unemployed for more than 12 months every day during the 12 months to end June 2011.
1,688 people reported they had become redundant every day during 3 months to end June 2011
£248,500,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £2,876 per second).
£144,600,000 is the interest the Government has to pay each day on the UKs net debt of £2266.3bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16.
197 mortgage possession claims will be issued and 154 mortgage possession orders will be made today.
383 landlord possession claims will be issued and 258 landlord possession orders will be made today.
The UK population is projected to grow by 1,205 people a day over the next decade.
24.1m plastic card purchase transactions will be made today with a total value of £1.182bn.
7.3m cash withdrawals will be made today with a total value of £478m.
The average car will cost £16.08 to run today.
It costs £67.85 on average to fill a car with a 50 litre tank with unleaded petrol.