Everyday in the UK
Personal Debt in the UK
The population of the UK shrunk by an estimated 1,815 people a day between mid-year 2022 and mid-year 2023.
- On average, a UK household spends £5.37 a day on water, electricity, and gas.
- 333 people a day were declared insolvent or bankrupt in England and Wales in the three months to February 2025. This was equivalent to one person every 4 minutes and 19 seconds.
- In Northern Ireland in the three months to February 2025, there were 4.1 insolvencies per day. In Scotland in the three months to December 2024 there was 19.4 insolvencies per day.
- Citizens Advice Bureaux in England and Wales dealt with 1,249 debt issues every day in the year to February 2025.
- 11.2 properties were repossessed every day in October to December 2024 in the UK, or one every 2 hours and 9 minutes.
- The number of UK mortgages with arrears of over 2.5% of the remaining balance fell by 4.2 a day in the year to December 2024.
- The number of people unemployed in the UK increased by 360 per day in the twelve months to January 2025.
- 1350 people a day reported they had become redundant in November 2024 to January 2025.
- Net lending to individuals and housing associations in the UK grew by £173.8 million a day in January 2024.
- Government debt increased by £523 million a day in the year to February 2025.
- Borrowers paid £227 million a day in interest in January 2025.
- It costs an average of £39.54 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 £44.23 per day.
- 66 mortgage possession claims and 12 mortgage possession orders were made every day in England and Wales in October to December 2024.
- 261 landlord possession claims and 63 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:
£713
The extra amount the average UK household spends in December compared to other months, a 29% increase (Bank of England).
1.7%
The percentage retail sales volumes rose by in January 2025, following a fall of 0.6% (revised) in December (ONS).
£68 million
The amount Halifax customers added to their savings by utilising ‘Save The Change’ in 2024 (Halifax).
£32.57
The average amount a Christmas dinner for four has increased compared to December 2023 (Kantar).
18 million
The number of house insurance policies bought online in 2024, an increase of 75,000 on 2023 (Confused.com).
1 in 4
The proportion of drivers reducing their level of car insurance covers to minimise costs (Citizens Advice).
34%
The proportion of households who held a loan for food or other essential spending in October 2024 (Joseph Rowntree Foundation
Statistics Source: http//www.themoneycharity.org.uk
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