UK personal debt at the end of March 2010 stood at £1,460bn. The twelve-month growth was 0.9%. Individuals owe more than the whole country produces in a year, according to Credit Action.

The average household debt in the UK is £8,796 (this excludes mortgages). This figure rises to £18,324 if the average is based on the number of households who actually have some form of unsecured loan.

Categories: Debt, Economy