The population of the UK grew by an estimated 990 people a day between 2018 and 2019.
- On average, a UK household spends £4.16 a day on water, electricity, and gas.
- 280 people a day were declared insolvent or bankrupt in England and Wales in August to October 2020. This was equivalent to one person every 5 minutes and 8 seconds.
- In Northern Ireland, there were 3.7 insolvencies per day and in Scotland 25.3 insolvencies per day.
- Citizens Advice Bureaux in England and Wales dealt with 1,960 debt issues every day in the year to September 2020.
- 1.7 properties were repossessed every day in July to September 2020 in the UK, or one every 13 hours and 48 minutes.
- The number of UK mortgages with arrears of over 2.5% of the remaining balance fell by 9 a day.
- The number of people unemployed in the UK grew by 2,641 per day in the three months to September 2020.
- 3,413 people a day reported they had become redundant in July to September 2020.
- Net lending to individuals and housing associations in the UK grew by £113 million a day in September 2020.
- Government debt increased by £640 million a day in the year to September 2020.
- Borrowers paid £124 million a day in interest in September 2020.
- It costs an average of £23.25 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 £28.22 per day.
- 1.2 mortgage possession claims and 0.3 mortgage possession orders were made every day in England and Wales in July to September 2020.
- 43 landlord possession claims and 1.4 landlord possession orders were made every day
Arising from Coronavirus pandemic
Evidence is mounting of the polarising impact of Covid-19. While some have seen their incomes and household finances improve during 2020, 20 -30% of households are facing acute financial pressures, with the risk developing of a household insolvency crisis in 2021:
2.5 million Renter households are worried about paying their rent over the winter, with 700,000 already in arrears with their rent payments (Joseph Rowntree Foundation).
350,000 Renter households have already been served an eviction notice or been spoken to about eviction by their landlord (Joseph Rowntree Foundation).
26% Proportion of households with reduced income during April-June lockdown (Resolution Foundation).
23% Proportion of households with reduced income during the summer reopening phase, of which 81% also had a reduction during the April-June lockdown (Resolution Foundation), meaning 30.4% of households in total negatively affected.
54% Proportion of lowest income working age adults relying on increased borrowing to meet everyday living costs (Resolution Foundation).
+ 2 million Increase in the number of people with low financial resilience since February 2020 (Financial Conduct Authority).
31% Proportion of adults experiencing reduced income as a result of the pandemic, with income falling by a quarter on average (Financial Conduct Authority).
5.6 million Number of people affected by Coronavirus who have fallen into arrears or borrowed to make ends meet (StepChange).
4 Leading reasons for negative impact of Coronavirus: being furloughed with reduction in salary, fall in income from self-employment, unemployment or redundancy, fall in hours worked (StepChange).
Statistics Source: http//www.themoneycharity.org.uk
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