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The Money Statistics September 2017 PDF Print E-mail
Thursday, 21 September 2017
Striking numbers 
1.7%: The savings ratio in Q1 2017
£988: The annual amount of interest paid on average for every adult in the UK
0.1%: The fall in house prices in August, according to Nationwide
2.1%: The rise in house prices in the year to August, according to Nationwide
2.7%: The rate of inflation in the year to August
£376: The average rent for a single room in the 12 months to March 2017
£600: The average rent for a single London room in the 12 months to March 2017
1.464 million: The number of people classed as unemployed between April and June 2017
0.32%: The average return on an instant access cash ISA in July

Everyday in the UK
56 mortgage possession claims and 36 mortgage possession orders are made every day
The Government debt shrank by £6.5m a day during July 2017 (£75 per second).
Borrowers would repay £137 million a day in interest over a year, based on July 2017 trends
Net lending to individuals in the UK increased by £155 million a day

Personal debt in the UK
People in the UK owed £1.548 trillion at the end of July 2017. This is up from £1.489 trillion at the end of July 2016 – an extra
£1033.06 per UK adult.
Per adult in the UK that’s an average debt of £30,661 in July – around 116.2% of average earnings. This is slightly up from a revised £30,584 a month earlier
Outstanding consumer credit lending was £201.524 billion at the end of July 2017
Citizens Advice Bureaux across England and Wales dealt with 392,237 issues in April 2017
Debt was the second largest advice category (behind benefits and tax credits) with 104,201 issues. This is 18% down on the same month last year. Debt issues represented 27% of all problems dealt with over the period

Mortgages, rent and housing
The average mortgage interest rate was 2.55% at the end of July. Based on this, households with mortgages would pay an average of £3,094 in mortgage interest over the year
Halifax said that average house prices fell by £2,375 in August 2017. This is a monthly rise of 1.1%; prices rose by 0.1% over the quarter and rose by 2.6% over the year
According to the Council of Mortgage Lenders (CML), the typical first-time buyer deposit in June was 17.1% (around £33,806) – 129% of an average salary

Savings and Pensions
28% of employees were in a Defined Benefit scheme in 2012, according to the Office for National Statistics
The average interest rate for an instant access savings account – not including bonus interest payments – was 0.12% in June.
For a cash ISA, this was 0.32%.

Spending and Loans
Data from LINK shows that, on average, 99 cash machine transactions (including balance enquiries and rejected transactions) were made every second in August 2017
The average APR for a £5,000 personal loan is 8.04%, according to the Bank of England. For a £10,000 loan it’s 3.79%, while the average rate for an overdraft is 19.71%
British Bankers Association figures show that 56.9% of credit card balances were bearing interest in June 2017

The bigger picture
CPI (Consumer Prices Index) annual inflation stood at 2.7% in the year to August, up 0.1% from July
The largest contributor to inflation over the last 12 months has been housing and household services (adding 0.64% to our overall costs), while the lowest inflationary pressure has been on health (adding just 0.05% to what we pay)
112,000 people (1230 a day) reported they had become redundant over the three months, little changed from the previous quarter
 

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