Striking Numbers March 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.
  • 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 1,186 debt issues every day in the year to February 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 123 per day in the twelve months to January 2024.
  • 1,445 people a day reported they had become redundant in October to December 2023.
  • Net lending to individuals and housing associations in the UK grew by £73 million a day in January 2024.
  • 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 proportion of StepChange Debt Charity’s January 2024 clients who were in full-time employment (StepChange Debt Charity).

7.3 million

The projected number of higher-rate taxpayers in 2029; there were only 3 million higher-rate taxpayers in 2010 (BBC).


The percentage of pensioners (65+) who were in ‘material deprivation’ in 2022-23. This is an increase of 2% on the previous year, the first increase since 2014 and the highest rate amongst pensioners since 2016 (GOV.UK).


The percentage of a median income salary a private renter can expect to pay for a median property in England, rising to 35% in London (ONS).


The decrease in mortgage commitments between October-December 2022 and the same period in 2023 (FCA).


The percentage increase in romance scams reported in 2023 compared to the year before. The average amount lost decreased in the same period, falling from £8,237 to £6,977 (Lloyds Banking Group).


The average cost per year of sending a child under two to nursery full-time (50 hours per week); this equates to £269.86 per week (MoneyHelper).


Statistics Source: http//

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