Wednesday, July 2, 2008

Average owed by every UK adult is ~ £30,394 (including mortgages).

Debt Facts and Figures - Compiled 1st July 2008

Debt Facts and Figures - Compiled 1st July 2008 Total UK personal debt Total UK personal debt at the end of May 2008 stood at £1,443bn. The growth rate increased to 8.0% for the previous 12 months which equates to an increase of ~ £107bn. Total secured lending on homes at the end of May 2008 stood at £1,210bn. This has increased 8.2% in the last 12 months. Total consumer credit lending to individuals in May 2008 was £233bn. This has increased 7.0% in the last 12 months. Total lending in May 2008 grew by £5.4bn. Secured lending grew by £4.1bn in the month. Consumer credit lending grew by £1.4bn. link is to main page as stats page invalid - click debt stats link

Posted by malct @ 03:53 PM (424 views)
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One thought on “Average owed by every UK adult is ~ £30,394 (including mortgages).

  • So most people have savings instead of debts and yet we’re oh-so-happy for the government to specifically request that the BoE aims for over-zero inflation rather than under-zero? This is bizarre. Inflation is bad for savers no matter what. We should be voting the government that promises deflation.

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