Everyday in the UK
Personal Debt in the UK
The population of the UK shrunk by an estimated 1,584 people a day between mid-year 2021 and mid-year 2022.
- On average, a UK household spends £5.20 a day on water, electricity, and gas.
- 326.2 people a day were declared insolvent or bankrupt in England and Wales in the three months to October 2024. This was equivalent to one person every 4 minutes and 20 seconds.
- In Northern Ireland in the three months to September 2024, there were 4.3 insolvencies per day. In Scotland in the three months to June 2024 there was 20.5 insolvencies per day.
- Citizens Advice Bureaux in England and Wales dealt with 1,227 debt issues every day in the year to October 2024.
- 10.76 properties were repossessed every day in July to September 2024 in the UK, or one every 2 hours and 20 minutes.
- The number of UK mortgages with arrears of over 2.5% of the remaining balance increased by 18.1 a day in the year to September 2024.
- The number of people unemployed in the UK increased by 215 per day in the twelve months to September 2024.
- 978 people a day reported they had become redundant in August to October 2024.
- Net lending to individuals and housing associations in the UK grew by £126 million a day in September 2024.
- Government debt increased by £518.6 million a day in in the three months to September 2024.
- Borrowers paid £222 million a day in interest in September 2024.
- It costs an average of £25.28 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 £33.54 per day.
- 66.7 mortgage possession claims and 34.8 mortgage possession orders were made every day in England and Wales in July to September 2024.
- 260 landlord possession claims and 196.3 landlord possession orders were made every day.
Arising from the current climate
The UK has undergone a significant degree of political and financial turmoil over the past few years. The pandemic and ongoing cost of living and energy crises, among other events, have affected the lives and finances of many people across the UK. Following are some striking statistics, curated over the last few weeks to reflect the situation as it evolves:
24.926 million
The number of UK properties liable for council tax; 23.7% (6.1 million) of properties are in the lowest band (A) (GOV.UK).
48,000
The number of working days lost to strike action in September 2024, down from 231,000 the year before (ONS).
62%
The proportion of people in receipt of Carer’s Allowance who live in poverty (abrdn Financial Fairness Trust).
831,000
The number of job vacancies between August and October 2024, a decrease of 35,000 on the previous quarter (ONS).
74.8%
The employment rate in the UK between July and September 2024 (ONS).
32%
The proportion of renters who had borrowed money to pay for rent in the year to July 2024 (Citizens Advice).
20%
The proportion of people in the UK who regularly spend time learning about personal finance topics (moneybox).
Statistics Source: http//www.themoneycharity.org.uk
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