Monday, Oct 02, 2006
Latest UK Debt Statistics
Credit Action: Debt Facts and Figures - Compiled 2nd October 2006
Total UK personal debt in September will have exceeded £1 ¼ trillion for the first time. At the end of August 2006 the total UK personal debt was £1,247bn. The growth rate increased to 10.4% for the previous 12 months which equates to an increase of £105bn. Total secured lending on homes has exceeded £1 trillion (£1,000 billion) and in August 2006 it stood at £1035.4bn. This has increased 11.2% in the last 12 months.
Posted by wilee @ 06:45 PM (208 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. the bald man said...
This data all adds weight to the argument the current level of debt is unsustainable in the face of rises in interest rates. I can not see how all the VI's are so bullish on house prices. When this debt mountain collapses the economic cosequences will be severe. Crash Gordans legacy!!
2. uncle chris said...
Is it me or does the personal debt graph look like it's following an exponential trend. Why are the banks, treasury and Bank of England not concerned about this. Also, can anyone tell me where this money comes from. Do the banks really have £1.25 trillion deposited in their accounts by the more sensible customers?