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 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 (510 views)
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2 Comments

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!!

Tuesday, October 3, 2006 02:13PM Report Comment
 

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?

Tuesday, October 3, 2006 05:04PM Report Comment
 

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