Striking Numbers April 2024

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 £3.43 a day on water, electricity, and gas.
  • 273 people a day were declared insolvent or bankrupt in England and Wales in November 2023 to January 2024. This was equivalent to one person every 5 minutes and 16 seconds.
  • In Northern Ireland in the three months to February 2024, there were 3.4 insolvencies per day. In Scotland in the three months to June 2023 there was 21.8 insolvencies per day.
  • Citizens Advice Bureaux in England and Wales dealt with 1,192 debt issues every day in the year to March 2024.
  • 5.4 properties were repossessed every day in November to February 2024 in the UK, or one every 4 hours and 8 minutes.
  • The number of UK mortgages with arrears of over 2.5% of the remaining balance increased by 53.0 a day in the year to December 2023.
  • The number of people unemployed in the UK increased by 344 per day in the twelve months to February 2024.
  • 1,208 people a day reported they had become redundant in December to February 2024.
  • Net lending to individuals and housing associations in the UK grew by £369 million a day in February 2024.
  • Government debt increased by £526.6 million a day in in the three months to February 2024.
  • Borrowers paid £206 million a day in interest in February 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.
  • 47.7 mortgage possession claims and 29.4 mortgage possession orders were made every day in England and Wales in October to December 2023.
  • 254.2 landlord possession claims and 195.7 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:



The proportion of first-time buyers in 2023 using either gifts from friends and family or inheritances to fund their house deposit, a 16% increase on 2003 (ONS).


The percentage increase in the number of private rental tenants seeking support for homelessness issues with Citizens Advice Bureaux between March 2019 and 2024 (Citizens Advice Bureaux).


The average cost of a nursery place for a child under-two for 25hrs a week; this is a 7.4% increase on 2023 (Family and Childcare Trust 2024 Survey).


The average increase in annual pay for a full-time 21-year-old worker following the extension of the National Living Wage, as part of the April 2024 Budget (GOV.UK).


The proportion of young people who reported ‘sometimes’ worrying about how much money their family has; a further 20% reported ‘often’ or ‘always’ worrying (Children’s Society).

£350 per person

The average amount lost to fraud in the UK in 2023; 7% of fraud victims lost over £5,000 (NatWest).


The decrease in the value of debit card transactions in January 2024 (£64.6 billion) compared to the year previous (UK Finance).

Statistics Source: http//

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