Striking Numbers February 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 £3.48 a day on water, electricity, and gas.
  • 249 people a day were declared insolvent or bankrupt in England and Wales in October 2023 to December 2023. This was equivalent to one person every 5 minutes and 8 seconds.
  • In Northern Ireland in Q4 2023, there were 3.6 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 1,183 debt issues every day in the year to January 2024.
  • 5.7 properties were repossessed every day in October to December 2023 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 54 per day in the twelve months to December 2023.
  • 1,260 people a day reported they had become redundant in May to July 2023.
  • Net lending to individuals and housing associations in the UK grew by £107 million a day in December 2023.
  • Government debt increased by £593.4 million a day in in the three months to December 2023.
  • Borrowers paid £198 million a day in interest in December 2023.
  • 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 percentage of working-age people in the UK living in households with less than 3 months wages in savings (Resolution Foundation).


The number of referrals to foodbanks made by Citizens Advice Bureaux in January 2024 (Citizens Advice).


The number of lone parents who are paying more than a third of their income on rental costs (abrdn Financial Fairness trust).


The percentage of adults who reported buying less food when shopping due to higher prices in January 2024 (ONS).


The decrease in retail sales volume in December 2023. This is the greatest decrease in sales volumes since January 2021, when COVID restrictions were still in place in the UK (ONS).


The percentage of employees who are embarrassed about their level of financial literacy, according to a survey by the employee benefits provider Pluxee (Pluxee).


The average cost of a car insurance policy in Q4 2023; this is nearly twice the average cost of an insurance policy in the same period of 2020 (£575) and a 58% increase on the same period in 2022 (£629) (


Statistics Source: http//

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