Striking Numbers January 2024

Everyday in the UK

Personal Debt in the UK

The population of the UK grew by an estimated 151 people a day between 2020 and 2021.

  • On average, a UK household spends £3.48 a day on water, electricity, and gas.
  • 279 people a day were declared insolvent or bankrupt in England and Wales in August 2023 to October 2023. This was equivalent to one person every 5 minutes and 9 seconds.
  • In Northern Ireland in October 2023, there were 4.0 insolvencies per day. In Scotland in the three months to June 2023 there was 22.3 insolvencies per day.
  • Citizens Advice Bureaux in England and Wales dealt with 1,006 debt issues every day in the year to December 2023.
  • 6.8 properties were repossessed every day in July to September 2023 in the UK, or one every 3 hours and 47 minutes.
  • The number of UK mortgages with arrears of over 2.5% of the remaining balance increased by 37.0 a day in the year to September 2023.
  • The number of people unemployed in the UK increased by 658 per day in the twelve months to July 2023.
  • 1,109 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 £24.8 million a day in November 2023.
  • Government debt increased by £665.8 million a day in in the three months to October 2023.
  • Borrowers paid £195 million a day in interest in November 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.
  • 45.5 mortgage possession claims and 10.5 mortgage possession orders were made every day in England and Wales in July to September 2023.
  • 271.1 landlord possession claims and 72.5 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 all UK households who have avoided turning on their heating at all or reported purposefully turning it on less to avoid costs. A common money-saving tactic for households, but not without its risks; 21.5% excess winter deaths can be attributed directly to cold homes (abrdn Financial Fairness Tracker October 2023).

3.2 million

The number of prepayment meter customers who experienced self-disconnection owing to an inability to ‘top up’ their meter either online or in-person in 2022 (Citizens Advice).


The forecasted decrease in the Default Tariff cap on energy bills from Q1 to Q4 2024. As of January 2024, the cap stands at £1928; this is expected to fall to £1541.72 at the end of the year (Cornwall Insight).


The percentage of adults who reported finding it very or somewhat difficult to pay their energy bills at the beginning of December 2023; this was a 7% decrease on the same period in 2022 (ONS).


The amount by which average food prices rose in the two years to December 2023. Previously it had taken 13 years (December 2008 to December 2021) for average food prices to rise by this level. (House of Commons Library).


Estimated decrease in retail sales volume in December 2023, following the revised 1.4% rise in % November (ONS).

Statistics Source: http//

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