Money Statistics

21/02/2020

UK Personal Debt- January Figures

On average, a UK household spends £3.92 a day on water, electricity and gas.

• 336 people a day were declared insolvent or bankrupt in England and Wales in July to September 2019. This was equivalent to one person every 4 minutes and 17 seconds.

• The average debt per household was £60,000

• Citizens Advice Bureaux in England and Wales dealt with 2,616 debt issues every day in the year to December 2019.

• 14 properties were repossessed every day in Q2 2019 in England and Wales, or one every 1 hour and 40 minutes.

• The number of UK mortgages with arrears of over 2.5% of the remaining balance fell by 20 a day.

• The number of people unemployed in the UK fell by 175 per day in the year to November 2019.

• 1,264 people a day reported they had become redundant in September to November 2019.

• Net lending to individuals and housing associations in the UK grew by £140 million a day in November 2019.

• Government debt increased by £131.5 million a day in the year to November 2019.

• Borrowers paid £140 million a day in interest in November 2019.

• It costs an average of £22.92 per day for a couple to raise a child from birth to the age of 18.

• For a lone parent family, the cost of raising a child comes to £28.16 per day.

• 76 mortgage possession claims and 45 mortgage possession orders were made every day in England and Wales in July to September 2019.

• 309 landlord possession claims and 241 landlord possession orders were made every day.