UK Personal Debt
Outstanding personal debt stood at £1.430 trillion at the end of October 2013. This is up from £1.421 trillion at the end of October 2012.
Outstanding secured (mortgage) lending stood at £1.271 trillion at the end of October 2013. This is up from £1.265 trillion at the end of October 2012.
Outstanding unsecured (consumer credit) lending stood at £158.6 billion at the end of October 2013. This is up from £156.5 billion at the end of October 2012.
Average household debt in the UK (excluding mortgages) was £6,004 in October. This is down from a revised £6,010 in September.
Average household debt in the UK (including mortgages) was £54,124 in October. This is up from a revised £54,066 in September.
The average amount owed per UK adult (including mortgages) was £28,489 in October. This is up from a revised £28,459 in September and was around 115% of average earnings.
Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £3,160 in October. This is down from a revised £3,164 in September.
The estimated average outstanding mortgage for the 11.2m households that carry mortgage debt stood at £113,404 in October.
Based on October 2013 trends, the UK’s total interest repayments on personal debt over a 12 month period would have been £59.2 billion. This is equivalent to £162 million per day. This means that UK households would have paid an average of £2,243 in annual interest repayments.
Total net lending to individuals by UK Banks and Building Societies rose by £1.7 billion in October 2013. Net secured lending rose by £1.2 billion in the month; net consumer credit lending rose by £0.5 billion.
UK Banks and Building Societies wrote-off £3.63 billion of loans to individuals over the four quarters to Q3 2013. In Q3 2013 itself they wrote-off £1,008 million (of which £397 million was credit card debt) amounting to a daily write-off of £11.0m.
Everyday in the UK
8.88 million cash machine transactions were made every day in October with a total value of £350 million.
It cost £65.23 to fill a 50 litre tank with unleaded petrol in November.
Stats provided by credit action