Thursday, August 3, 2006

Debt Statistics updated

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 (499 views)
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2 thoughts on “Debt Statistics updated

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

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  • 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.

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