Total UK personal debt at the end of July 2009 stood at £1,457bn. This has slowed further to 0.3% in the last 12 months which equates to an increase of ~ £3.4bn (the increase was ~£116bn in January 2008).
Total secured lending on dwellings at the end of July 2009 stood at £1,226bn. The twelve-month growth rate fell further, by 0.3 percentage points to 0.8%.
Total consumer credit lending to individuals at the end of July 2009 was £231bn. The annual growth rate of consumer credit continued to fall, to 1.4%.
Average household debt in the UK is ~ £9,226 (excluding mortgages). This figure increases to £21,457 if the average is based on the number of households who actually have some form of unsecured loan.
Average household debt in the UK is ~ £58,280 (including mortgages). If you add to this the 2009 budget figure for public sector net debt (PSND) expected in 2013-14 then this figure rises to £116,120 per household.
Average owed by every UK adult is ~ £30,188 (including mortgages). This is 130% of average earnings. Average outstanding mortgage for the 11.1m households who currently have mortgages now stands at ~ £110,476.
Britain's interest repayments on personal debt were £65.9bn in the last 12 months. The average interest paid by each household on their total debt is approximately £2,637 each year.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,780 per average UK adult at the end of July 2009.
During July 2009 Britain's personal debt decreased by ~ £1 million every 112 minutes. In January 2008 Britain's personal debt increased by ~ £1 million every 5.3 minutes.
Striking numbers
1 in 33 people in work estimated to become unemployed in 2009
£58,280 average household debt (including mortgages)
£181m interest paid in UK daily
Every 11.5 minutes a property is repossessed
3,036 people made redundant every day
1 person every 3.97 minutes declared bankrupt or insolvent
£5,505 a second increase in Government national debt
