Striking UK Numbers – January 2019

Striking UK Numbers – January 2019 – Every day in the UK

• The population of the UK grew by an estimated 1,166 people a day between 2017 and 2018.

• On average, a UK household spends £3.97 a day on water, electricity and gas.

273 people a day are declared insolvent or bankrupt, in July to September 2018. This is equivalent to one person every 5 minutes 16 seconds.

3,001 Consumer County Court Judgments (CCJs) are issued every day in Q3 2018, with an average value of £1,337.

• Citizens Advice Bureaux in England and Wales & Northern Ireland dealt with 2,465 new debt problems every day during December 2018.

12 properties are repossessed every day in Q3 2018 or one every 2 hours.

• The number of mortgages with arrears of over 2.5% of the remaining balance fell by 11 a day.

1000 people a day reported they had become redundant in September & November 2018.

• Net lending to individuals & Housing Associations in the UK grew by £137 million a day in November 2018.

• The Government debt fell by £86m a day in the year to November 2018.

• Borrowers would repay £140 million a day in interest in November 2018.

• It costs an average of £22.95 per day for a couple to raise a child from birth to the age of 18.

53 mortgage possession claims and 34 mortgage possession orders are made every day in July to September 2018.

344 landlord possession claims and 257 landlord possession orders are made every day.

 

Personal debt in the UK

People in the UK owed £1.616 trillion at the end of November 2018.

The average total debt per household – including mortgages – was £58,948 in November. The revised figure for October was £58,799.

Per adult in the UK that’s an average debt of £30,832 in November – around 112.0% of average earnings. This is up from a revised £30,754 a month earlier.

 

Statistics source: http://www.themoneycharity.org.uk

 

We have helped many people with personal debt in the UK – view our testimonials and see.

 

If you would like further information on personal debt solutions please contact Griffin & King Insolvency Practitioners on 01922 722205, and speak to Tim, Mark or Janet. You can also contact Janet by email on janet.peacock@griffinandking.co.uk, or by text or calling on 07545 806531.

Don’t wait until it’s too late!

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