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The Money Statistics June 2017 PDF Print E-mail
Thursday, 15 June 2017
Striking numbers  

£540 million: The amount UK banks and building societies wrote off from January to March
0.2%: The fall in house prices in May 2017, according to Halifax
£185,266: The average price of a house for a first time buyer in the year to April
2.9%: The rate of inflation in May, the highest in nearly four years
£10.4 billion: Public sector net borrowing in April
7.997 million: People had been auto-enrolled into a pension by the end of May
547,711: The number of issues dealt with by Citizens Advice Bureaux in March
28%: Of the issues CABs handled in March were related to debt 875,000: (15%) of 18 to 24-year-olds in England were not in education, employment or training (NEET) from January to March

Everyday in the UK
45.6 million plastic card purchase transactions were made every day in April 2017, with a total value of £1.927 billion
Net lending to individuals in the UK increased by £143 million a day
The Government debt grew by £347m a day during April 2017 (£4,012 per second)
The number of people unemployed for over 12 months fell by 648 per day between January to March

Personal debt in the UK
People in the UK owed £1.532 trillion at the end of April 2017. This is up from £1.485 trillion at the end of April 2016 – an extra £886.84 per UK adult
Per adult in the UK that’s an average debt of £30,340 in April – around 113.6% of average earnings. This is slightly up from a revised £30,179 a month earlier
Total credit card debt in March 2017 was £68.08bn. Per household this is £2,521 – for a credit card bearing the average interest, it would take 25 years and 11 months to repay if you made only the minimum repayment each month
Total net lending to individuals by UK banks and building societies rose by £4.3 billion in April 2017 – or £143m a day
Citizens Advice Bureaux across England and Wales dealt with 547,711 issues in March 2017 Mortgages, rent and housing
Outstanding mortgage lending stood at £1.334 trillion at the end of April
That means that the estimated average outstanding mortgage for the 11.1m households with mortgage debt was £120,230 in March
Halifax said that average house prices fell by £859 in May 2017. This is a monthly rise of 0.4%; prices fell by 0.2% over the quarter but rose by 3.3% over the year
According to the Council of Mortgage Lenders (CML), the typical first-time buyer deposit in February was 15.2% (around £28,933) – 108% of an average salary

Savings and Pensions
In Q4 2016, households saved a record low average of 3.3% of their post-tax income, including benefits, in Q4 2015 this was nearly double that at 6.5%
If someone on the average salary saved 3.3% of their income in an average instant access savings account for a year, they would receive 92p in interest after tax. If they saved it in an average cash ISA, they would receive £3.44
It would take 33 years for someone on the average salary, saving the average amount per household every year in an average instant access savings account, to afford the average first-time buyer deposit. If they saved into a cash
ISA at the same rate it would take 31 years

Spending and Loans
The average interest rate on credit card lending bearing interest was 18.21% in April. This is 17.96% above the Bank of England Base Rate (0.25%)
The average APR for a £5,000 personal loan is 7.85%, according to the Bank of England. For a £10,000 loan it’s 3.81%, while the average rate for an overdraft is 19.70%
In May 2017 the average price of unleaded petrol fell by 2.4 ppl (pence per litre) to 116.3ppl
This meant it cost £58.15 to fill a 50 litre unleaded tank
The average price of diesel fell to 117.4ppl

The bigger picture
In the three months to February 2017 pay including bonuses was up by 2.4% from a year ago, and pay excluding bonuses also rose by 2.1%. Average weekly pay was £512, or £479 excluding bonuses – an annual salary of £26,468, or £24,856 without bonuses
There were 4.921 million working-age people claiming benefits in February 2016. This is a decrease of 249,530 in the year, or 684 a day
425,000 18-24 year olds (10.6%) were unemployed between January and March. This was 21,000 (4.8%) lower than the previous three months
 

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