http://www.creditaction.org.uk/debtstats.htm
cripes....
Total UK personal debt broke through the £1.1 trillion barrier (£1,100,000,000,000) in June 2005. This is 11 months since it broke through the £1 trillion barrier in July 2004.
Britain's personal debt is increasing by £1 million every four minutes.
At the end of August 2005 the total UK personal debt was £1,122bn. The growth rate remains strong at 10.5% for the previous 12 months. 2004 saw the largest single-year increase in debt (£116bn) since the Bank of England was founded in 1694.
Total secured lending on homes in August 2005 was £931.8bn.
Total consumer credit lending to individuals in August 2005 was £190.5bn.
Total lending in August 2005 grew by £8.9bn. Secured lending grew by £7.6bn in the month and consumer credit lending grew by £1.3bn in the month.
Average household debt in the UK is approximately £7,713 (excluding mortgages) and £45,437 including mortgages.
Average owed by every man, woman and child in the UK is approximately £18,757 (including mortgages).
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,087 per average UK adult at the end of August 2005. This figure translates into a 10% increase on the previous year's levels and a 45% increase since 2000.
The rapid increase in households’ borrowing has raised total debt to close to 150% of annualised aggregate post-tax income according to the Bank of England. They predict debt may continue to increase more rapidly than income over the next few years.
Since the turn of the century in just over 5.5 years (based on figures available at 1st October 2005):
Total UK personal debt has increased by £513bn (84%) from £609bn to £1,122bn
Total secured lending on homes has increased by £438bn (89%) from £494bn to £932bn
Total consumer credit lending has increased by £76bn (66%) from £115bn to £191bn
Total credit card debt has increased by £24.2bn (76%) from £32bn to £56.2bn
Base Rate has decreased by 1.5% from 5.5% to its current rate of 4.5%
Average house price has increased by £89,867 (93%) from £96,340 to £186,207
Average earnings have increased by £5,077 (28.5%) from £17,803 to £22,880
Milan.
cripes....
Total UK personal debt broke through the £1.1 trillion barrier (£1,100,000,000,000) in June 2005. This is 11 months since it broke through the £1 trillion barrier in July 2004.
Britain's personal debt is increasing by £1 million every four minutes.
At the end of August 2005 the total UK personal debt was £1,122bn. The growth rate remains strong at 10.5% for the previous 12 months. 2004 saw the largest single-year increase in debt (£116bn) since the Bank of England was founded in 1694.
Total secured lending on homes in August 2005 was £931.8bn.
Total consumer credit lending to individuals in August 2005 was £190.5bn.
Total lending in August 2005 grew by £8.9bn. Secured lending grew by £7.6bn in the month and consumer credit lending grew by £1.3bn in the month.
Average household debt in the UK is approximately £7,713 (excluding mortgages) and £45,437 including mortgages.
Average owed by every man, woman and child in the UK is approximately £18,757 (including mortgages).
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,087 per average UK adult at the end of August 2005. This figure translates into a 10% increase on the previous year's levels and a 45% increase since 2000.
The rapid increase in households’ borrowing has raised total debt to close to 150% of annualised aggregate post-tax income according to the Bank of England. They predict debt may continue to increase more rapidly than income over the next few years.
Since the turn of the century in just over 5.5 years (based on figures available at 1st October 2005):
Total UK personal debt has increased by £513bn (84%) from £609bn to £1,122bn
Total secured lending on homes has increased by £438bn (89%) from £494bn to £932bn
Total consumer credit lending has increased by £76bn (66%) from £115bn to £191bn
Total credit card debt has increased by £24.2bn (76%) from £32bn to £56.2bn
Base Rate has decreased by 1.5% from 5.5% to its current rate of 4.5%
Average house price has increased by £89,867 (93%) from £96,340 to £186,207
Average earnings have increased by £5,077 (28.5%) from £17,803 to £22,880
Milan.
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