Striking UK Numbers – May 2019

• The population of the UK grew by an estimated 1,166 people a day between 2017 and 2018.
• On average, a UK household spends £4.05 a day on water, electricity and gas.
350 people a day were declared insolvent or bankrupt in January to March 2019. This was equivalent to one person every 4 minutes and 7 seconds.
3,567 Consumer County Court Judgements (CCJs) were issued every day in England and Wales in Q1 2019, with an average value of £1,398.
• Citizens Advice Bureaux in England, Wales and Northern Ireland dealt with 2,518 debt issues every day in the year to April 2019.
15 properties were repossessed every day in Q1 2019, or one every 1 hour and 34 minutes.
• The number of mortgages with arrears of over 2.5% of the remaining balance fell by 8 a day.
• The number of people unemployed fell by 326 per day in the year to March 2019.
1,022 people a day reported they had become redundant in January to March 2019.
• Net lending to individuals and housing associations in the UK grew by £146 million a day in March 2019.
• Government debt increased by £73.7 million a day in the year to April 2019.
• Borrowers paid £139 million a day in interest in March 2019.
• It costs an average of £22.95 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 £27.90 per day.
68 mortgage possession claims and 48 mortgage possession orders were made every day in January to March 2019.
337 landlord possession claims and 263 landlord possession orders were made every day.


Personal Debt in the UK

People in the UK owed £1,633 billion at the end of March 2019. This is up from £1,588 billion at the end of March 2018, an extra £852.40 per UK adult over the year.

The average total debt per household, including mortgages, was £59,540 and per adult was £31,142, around 113.1% of average earnings. This is up from a revised £31,055 a month earlier. Based on March 2019 trends, the UK’s total interest payments on personal debt over a 12-month period would have been £50,731 million, an average of £139 million per day. The average annual interest per household would have been £1,850, and per person £968, 3.5% of average earnings.
According to the Office for Budget Responsibility’s March 2019 forecast, household debt is forecast to reach £2.425 trillion in 2023-24. This would make the average household debt £86,388 (assuming household numbers track ONS population projections.)


Statistics source:


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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 or by text or calling on 07545 806 531.

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