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Duckie
Newbie
Joined: 16 Mar 2005
Posts: 23
Cash Points ££ 443.06
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 Posted: Sun Jun 25, 2006 4:38 pm Post subject: UK in 1000 billion of debt ! |
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Debt Facts and Figures - Compiled 1st June 2006
Total UK personal debt
Total mortgage borrowing in the UK will have passed the £1 trillion (£1,000 billion) in May 2006, according to the Council of Mortgage Lenders.
At the end of April 2006 the total UK personal debt was £1,191bn. The growth rate remains strong at 10.2% for the previous 12 months which equates to an increase of £100bn.
Total secured lending on homes in April 2006 was £999.2bn. This has increased 10.8% in the last 12 months.
Total consumer credit lending to individuals in April 2006 was £191.5bn. This has increased 7.3% in the last 12 months.
Total lending in April 2006 grew by £9.3bn. Secured lending grew by £8.5bn in the month. Consumer credit lending grew by £0.8bn in the month.
Average household debt in the UK is approximately £7,754 (excluding mortgages) and £48,209 including mortgages.
Average owed by every UK adult is approximately £25,545 (including mortgages). This grew by ~ £200 last month.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,109 per average UK adult at the end of April 2006. This has grown 52% in 5 years.
Britain's personal debt is increasing by ~ £1 million every four minutes.
http://www.creditaction.org.uk/debtstats.htm
Doesn't look good especially for the america, I suppose thats what you get for having an idiot in the white house ! |
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birdie
Newbie
Joined: 04 Apr 2005
Posts: 15
Cash Points ££ 197.56
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| Posted: Sun Jun 25, 2006 4:41 pm Post subject: |
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UK government debt is a little over 40% of GDP.
A simple graph of the US National Debt as percentage of GDP:
So US government debt is around 65% of GDP, far higher than in UK and FWIW beyond the maximum of 60% permitted by the EU for EUR member countries.
In absolute terms, US government debt is $8.37 trillion
The UK's is £550 billion. |
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Deborah
Veteran Investor
Joined: 12 Jul 2004
Posts: 418
Cash Points ££ 1730.36
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| Posted: Tue Jun 27, 2006 6:49 am Post subject: |
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Mortgage debt alone is £1 trillion, so true debt for the UK as a whole is emensly high, I would not be surprised if total debt is nearer £2 trillion.
Then theres the pensions deficits, public sector at about £800 billion and private around £350 billion. |
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Shezz
Beginning Saver
Joined: 08 Mar 2005
Posts: 45
Cash Points ££ 348.80
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| Posted: Wed Jul 19, 2006 4:41 am Post subject: |
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| birdie wrote: | UK government debt is a little over 40% of GDP.
A simple graph of the US National Debt as percentage of GDP:
So US government debt is around 65% of GDP, far higher than in UK and FWIW beyond the maximum of 60% permitted by the EU for EUR member countries.
In absolute terms, US government debt is $8.37 trillion
The UK's is £550 billion. |
Thats a nice graph of the US debt, anyone get one of the UK ? |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Sun Aug 06, 2006 1:45 pm Post subject: |
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There you go
Debt as a % of GDP is pretty low, the surges were during the two world wars. |
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Victor
Beginning Saver
Joined: 05 Aug 2006
Posts: 35
Cash Points ££ 1077.84
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| Posted: Thu Aug 10, 2006 5:39 pm Post subject: |
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Wow look at the surges of debt during the two world wars !
Just goes to show what a waste of resources war is ! |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Fri Aug 11, 2006 4:46 pm Post subject: |
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| Victor wrote: | Wow look at the surges of debt during the two world wars !
Just goes to show what a waste of resources war is ! |
The chart also reflects the boom after the 2nd world war when a lot of debt was paid down. |
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sirliam
Stranger
Joined: 17 Mar 2007
Posts: 5
Cash Points ££ 198.42
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| Posted: Sat Mar 17, 2007 5:15 pm Post subject: |
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| Victor wrote: | Wow look at the surges of debt during the two world wars !
Just goes to show what a waste of resources war is ! |
Seems to be the American answer to recession |
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sirliam
Stranger
Joined: 17 Mar 2007
Posts: 5
Cash Points ££ 198.42
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| Posted: Sat Mar 17, 2007 5:17 pm Post subject: Re: UK in 1000 billion of debt ! |
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| Duckie wrote: | Debt Facts and Figures - Compiled 1st June 2006
Total UK personal debt
Total mortgage borrowing in the UK will have passed the £1 trillion (£1,000 billion) in May 2006, according to the Council of Mortgage Lenders.
At the end of April 2006 the total UK personal debt was £1,191bn. The growth rate remains strong at 10.2% for the previous 12 months which equates to an increase of £100bn.
Total secured lending on homes in April 2006 was £999.2bn. This has increased 10.8% in the last 12 months.
Total consumer credit lending to individuals in April 2006 was £191.5bn. This has increased 7.3% in the last 12 months.
Total lending in April 2006 grew by £9.3bn. Secured lending grew by £8.5bn in the month. Consumer credit lending grew by £0.8bn in the month.
Average household debt in the UK is approximately £7,754 (excluding mortgages) and £48,209 including mortgages.
Average owed by every UK adult is approximately £25,545 (including mortgages). This grew by ~ £200 last month.
Average consumer borrowing via credit cards, motor and retail finance deals, overdrafts and unsecured personal loans has risen to £4,109 per average UK adult at the end of April 2006. This has grown 52% in 5 years.
Britain's personal debt is increasing by ~ £1 million every four minutes.
http://www.creditaction.org.uk/debtstats.htm
Doesn't look good especially for the america, I suppose thats what you get for having an idiot in the white house ! |
Looks like we're in good shape compared to the yanks.
Seems like the debt goes up each time there is a Republican
in office.  |
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