Striking Numbers July 2023

Everyday in the UK

Personal Debt in the UK

The population of the UK grew by an estimated 777 people a day between 2019 and 2020.

  • On average, a UK household spends £4.13 a day on water, electricity, and gas.
  • 298 people a day were declared insolvent or bankrupt in England and Wales in April 2023 to June 2023. This was equivalent to one person every 4 minutes & 50 seconds.
  • In Northern Ireland in June 2023, there were 5.3 insolvencies per day.In Scotland in the three months to March 2023 there was 21.2 insolvencies per day.
  • Citizens Advice Bureaux in England and Wales dealt with 2,304 debt issues every day in the year to June 2023.
  • 8.3 properties were repossessed every day in January to March 2023 in the UK, or one every 2 hours and 53 minutes.
  • The number of UK mortgages with arrears of over 2.5% of the remaining balance fell by 2.5 a day in the year to March 2023.
  • The number of people unemployed in the UK fell by 14 per day in the twelve months to April 2023.
  • 1,033 people a day reported they had become redundant in February to April 2023.
  • Net lending to individuals and housing associations in the UK grew by £34.7 million a day in May 2023.
  • Government debt increased by £598 million a day in in the three months to June 2023.
  • Borrowers paid £171 million a day in interest in May 2023.
  • It costs an average of £24.44 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 £29.50 per day.
  • 44.8 mortgage possession claims and 9.9 mortgage possession orders were made every day in England and Wales in January to March 2023.
  • 259.9 landlord possession claims and 74.2 landlord possession orders were made every day.

The percentage of households in England and Wales who report that mains gas central heating was the only central heating source in their home (ONS).

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 social renters who are in serious financial difficulties, with 23% of private renters also falling into this category. This compares with 13% of mortgagors and 5% of outright homeowners (Personal Finance Research Centre).


The percentage of UK mortgagors who have seen their housing costs increase in the last six months because they have re-mortgaged when their fixed term came to an end, while 17% have seen costs increase due to being on a variable or tracker rate mortgage. Over a third of private renters (37%) and two-thirds of social renters (67%) have seen their housing costs increase in the last six months as a result of their landlord or housing provider increasing the rent (Personal Finance Research Centre).


The percentage of socials tenants who had not eaten for a whole day on three or more occasions in the past month because there wasn’t enough money for food, as had one-in-twelve private tenants (8%) (Personal Finance Research Centre).


The number of people who are living in temporary accommodation in London. It is estimated that London Councils are collectively spending more than £52 million each month to fund this (The Big Issue).


The proportion of people who are now using their savings because of the rising cost of living, an increase from a quarter of adults reporting this in late April (ONS).


Statistics Source: http//

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