Thursday, Aug 03, 2006

Debt Statistics updated

Credit Action: Debt Statistics compliled 1st August 2006

At the end of June 2006 the total UK personal debt was 1,228bn. The growth rate remains strong at 10.3% for the previous 12 months which equates to an increase of 100bn.

Total secured lending on homes passed 1 trillion (1,000 billion) in May 2006. In June 2006 it was 1015.9bn. This has increased 11.0% in the last 12 months.

Total consumer credit lending to individuals in June 2006 was 211.6bn. This has increased 7.3% in the last 12 months.

Posted by jason @ 01:17 AM (459 views)
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2 Comments

1. kpjcomp said...

Some interestings stats there, the UK has never looked so good has it?.!!

Thursday, August 3, 2006 10:50AM Report Comment
 

2. inbreda said...

It's frightening.

It would be interested to see what proportion of lending goes towards servicing existing debts - i.e. an estimate of the extent to which people are trying to borrow their way out of trouble.

This could result in a 'percentage of new debt (c. 10bn per month) being used to service existing debt' figure

Would be more interesting to see what effect a quarter point rise (applied to non fixed interest debts) has on this percentage.

I'm sure we'll find out the figures in hindsight once it's all gone pearshaped.

Thursday, August 3, 2006 11:34AM Report Comment
 

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