Market Figures

11/07/2019

From Money Charity

  • Households in the UK spent £4.05 per household per day in Q4 2018.
  • In the year to April 2019, consumer credit increased by 2.9% (source- Bank of England).
  • Credit card borrowing grew by 2.1%.
  • The average interest rate on credit cards was 19.99% in May 2019.
  • The average total debt per household was £59,713.
  • People in the UK owed £1,637 billion at the end of April 2019 up from £1,588 billion at the end of April 2018.
  • The average mortgage interest rate was 2.45% (April 2019)
  • For new loans, the average mortgage interest rate was 2.11% and average interest per annum was  £3,562.