A round up of the Financial Sector

20/12/2018

December figures

-Net lending to individuals and housing associations in the UK grew by £240 million a day in October 2018, and borrowers paid £140 million a day in interest in October 2018.

-Citizens Advice Bureaux in England, Wales and Northern Ireland dealt with 2,460 debt issues every day in the year to November 2018.

-The average total debt per household, including mortgages, was £59,288 in October.

-The estimated average outstanding mortgage for the 11.1 million households with mortgage debt was £125,860 in October.

-Households with mortgages pay an average of £3,146 in mortgage interest over the year.

-In the year to September 2018, consumer credit increased by 7.7% according to UK Finance, while outstanding levels of credit card borrowing grew by 8.7%, a rate that has been fairly constant over the last year.

-In Q2 2018, households in the UK spent £108.7 million a day on water, electricity and gas, or £4.00 per household per day.

The average interest rate on credit card lending bearing interest was 18.5% in October 2018.

The CPI (Consumer Prices Index) 12-month rate stood at 3.2% in the year to December 2018

 

Figures from The Money Charity