Debt Today November 2011

UK Debt Statistics – Today in the UK

  • 334 people every day of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 59 seconds during a working day.
  • 1,391 Consumer County Court Judgements (CCJs) were issued every day during Q2 2011 and the average judgement amount was £3,345.
  • Citizen Advice Bureaux dealt with 8,910 new debt problemsevery working day in England and Wales during the year ending June 2011.
  • The average cost of raising a child from birth to the age of 21 is £27.50 a day.
  • 99 properties were repossessed every day during Q2 2011
  • 132 new people became unemployed for more than 12 months every day during the 12 months to end August 2011
  • 1,644 people reported they had become redundant every day during 3 months to end August 2011
  • £130,700,000 is the amount that the Government Public Sector Net Debt (PSDN), including financial interventions, will grow today (equivalent to £1,513 per second).
  • £132,050,000 is the interest the Government has to pay each day on the UKs net debt of £2278.6bn (which includes financial interventions). This is estimated to rise to £182m a day in 2015-16.
  • 197 mortgage possession claims will be issued and 154 mortgage possession orders will be made today
  • 383 landlord possession claims will be issued and 258 landlord possession orders will be made today.
  • The UK population is projected to grow by 1,205 people a day over the next decade
  • 25.2m plastic card purchase transactions will be made today with a total value of £1.278bn.
  • 8.0m cash withdrawals will be made today with a total value of £530m
  • The average car will cost £16.08 to run today
  • It costs £67.25 on average to fill a car with a 50 litre tank with unleaded petrol.

*Compiled by Credit Action, for full debt statistics visit www.creditaction.org.uk

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