Total UK personal debt at the end of May 2009 stood at £1,459bn. This has slowed further to 1.4% in the last 12 months which equates to an increase of ~ £17.9bn (the increase was ~£116bn in January 2008).
Total secured lending on dwellings at the end of May 2009 stood at £1,226bn. This has slowed further by 0.2% to 1.3% in the last 12 months.
Total consumer credit lending to individuals at the end of May 2009 was £233bn. This has continued to fall to 2.3% in the last 12 months.
Total lending in May 2009 grew by £0.6bn; secured lending grew by £0.3bn in the month; consumer credit lending grew by £0.3bn (total lending in January 2008 grew by £8.4bn).
Average household debt in the UK is ~ £9,305 (excluding mortgages). This figure increases to £21,640 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 ~ £58,360 (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 £116,200 per household.
Average owed by every UK adult is ~ £30,480 (including mortgages). This is 132% of average earnings. Average outstanding mortgage for the 11.1m households who currently have mortgages now stands at ~ £110,480.
Britain's interest repayments on personal debt were £66.2bn in the last 12months. The average interest paid by each household on their total debt is approximately £2,650 each year.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,860 per average UK adult at the end of May 2009.
During May 2009 Britain's personal debt increased by ~ £1 million every 77 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
£58,360 average household debt (including mortgages)
£181m interest paid in UK daily
Every 10 minutes a property is repossessed
3,310 people made redundant every day
1 person every 4.35 minutes declared bankrupt or insolvent
£106m interest daily amount the Government pays of our national debt
