UK Debt Statistics*
November 2008
Today in the UK:
- £1m every 8 min - growth in UK debt in 2008
- Average household debt in the UK is £22,190 (excluding mortgages)
- Average household debt in the UK is £59,175 (including mortgages)
- Average owed by every UK adult is £30,440 (including mortgages)
- Consumers will borrow an additional £207m today
- Consumers will pay £263m in interest today
- The average household debt will increase by over £8.50 today
- Unemployment increased by 1,802 people every day during the last 3 months.
- 121 properties will be repossessed today.
- 275 people today will be declared insolvent or bankrupt. (KPMG estimate this will increase to 301 people a day by the end of 2008 which is equivalent to 1 person being declared insolvent or bankrupt every 4.8 mins.)
- 2,370 Consumer County Court Judgements (CCJs) issued
- 27.4m plastic card transactions will be made today with a total value of £1.56bn.
- Approximately 18,000 credit card applications are being rejected every day.
- 4,000 fixed rate mortgages will come to an end today.
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The average car will cost £15.42 to run today
*Compiled by Credit Action
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