Money Statistics

Money Statistics

UK EARNINGS

National Statistics Figures for 2007

Average Full time weekly earnings Male £498 per week Woman £394 per week.

The top 10% earned more than £906 per week while the bottom 10% earned less than £252 per week.

The occupations with the highest earnings in 2007 were Health Professionals (average £1019 per week) followed by Corporate managers (£702 per week)

UK PLC

UK Government debt at the end of March 2008 was 614.4 billion pounds or 43.2% of GDP

The August 2008 Report on jobs from the REC & KPMG shows that permanent placements fell at the sharpest rate since November 2001.Declining demand for staff and strongly rising candidate availability led to salary growth being the weakest for over 5 years.

STATISTICS PROVIDED BY UK GOVERNMENT

02/10/2008 Today the government published it's Annual UK Fuel Poverty Statergy Annual Report.

Key Facts from it

3.5 million households spent more than 10% of income on heating and powering their homes.

Households suffering from fuel poverty in England rose from 1.5 million in 2005 to 2.4 million in 2006 and is expected to reach 3.5 million in 2008.

Across the UK 2.75 million vunerable households ie those with children, elderly, illness, were in fuel poverty in 2006.

HALIFAX HOUSE DATA FOR SEPTEMBER 2008

House prices fell 1.3% in September 2008

Average mortgage rate on mortgages taken out in August 2008 6.10%

Average mortgage rate paid on all outstanding mortgages 5.83%

House prices in September 2008 were 12.4% lower on an annual basis.

Mortgage approvals in August 2008 was 32,000 down 70% on same month last year

Average house price in September 2008 £172,108

UK HOUSEHOLD DEBT FIGURES

Callcredit research has shown that 14% of people spend over 30pc of their monthly income on unsecured debt re-payments.

155600 households were 3 months or more in arrears.

Uk personal debt stood at £1449 billion in July 2008

73.1% of credit card balances attracted interest in July 2008

Average UK household debt excluding mortgages £9475

The average household pays £3900 interest each year on their debts.

2 million UK consumers are on debt re-payment schemes to energy suppliers.

15,297 people were declared bankrupt in the second quarter of 2008.

The average UK consumer is charged an interest rate of 17.45% on their credit card.

According to the FSA 1/3 of students at university are constantly overdrawn.

UK credit card borrowing is growing at an annual rate of 8.2%.

Citizens Advice offices report they dealt with 215,000 new debt problems in the first 2 months of 2008

UK SAVING FIGURES

01/10/208 According to the Times in the second quarter of this year the average person only managed to save £16

Less than 50% of the UK population save regularly.

Research by the Yorkshire Building Society shows that the average Briton's savings would last only 52 days if they were unable to work and 36% could only last 11 days.

According to a survey by Birmingham Midshires 22/05/2008 63% of Britons have managed to save in the last 3 months and 60% have also had no need to raid their savings. (16% have taken between £1000 and £4999 out of their savings)

UK MORTGAGES AND PROPERTY FIGURES

02/10/2008 Nationwide Building Society says house prices have dropped 12.4% in the last year and 1.7% in september 2008 to leave the average UK property price at £161,797

Net Mortgage lending in August 2008 was £143 million the lowest for 15 years. This compares to a figure of almost 3 billion in July 2008.

104 properties a day were repossed in the first half of 2008. (up 48% on year ago.

Average outstanding mortgage balance in the U.K is £103707.

Average value of loan approval in August 2008 £130,000.

1.33% of mortgages are over 3 months in arrears at end of June 2008.

According to a report from Shelter 2.8 million people have borrowed money to pay their housing costs in the last 12 months.

Halifax House Price Index shows UK house prices have fallen 10.9% in the last 12 months with the average house value at peak £199,770 and todays average price £174,178. Between August 2007 and August 2008 the average house dropped over £70 a day in value.

July 2008 The chief executive of Savilles forecast house prices in London to fall 25% by the end of next year.

Contact us

Nothing within this Website is, or shall be deemed to constitute, financial or other advice. Any and all information provided within the Website is for general information purposes only. We recommend that independent professional advice is obtained before you purchase any product and/or service.