{"id":396,"date":"2013-12-02T08:34:22","date_gmt":"2013-12-02T08:34:22","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=396"},"modified":"2013-12-02T08:34:22","modified_gmt":"2013-12-02T08:34:22","slug":"uk-consumer-debt","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=396","title":{"rendered":"UK Consumer Debt"},"content":{"rendered":"<p>I discovered this figure.<\/p>\n<p><strong>Total UK consumer Debt is \u00a31,429,624,000,000.<\/strong><\/p>\n<p>[<a title=\"UK consumer debt\" href=\"http:\/\/www.centreforsocialjustice.org.uk\/publications\" target=\"_blank\">http:\/\/www.centreforsocialjustice.org.uk\/publications<\/a>]<\/p>\n<p>It has been appearing in the UK media for the past few days.<\/p>\n<p>This reports that the total debt carried by UK citizens (not HM Government) is <strong>\u00a31.429 Trillion<\/strong> = <strong>\u00a31429 Billion.<\/strong><\/p>\n<p>To quantify this number:<\/p>\n<p><strong>UK GDP<\/strong> = \u00a31.495 Trillion (<strong>\u00a31495 Billion<\/strong>)<\/p>\n<p><strong>This Consumer Debt to GDP as a ratio = 95%<\/strong><\/p>\n<p>Of course the bulk of the debt is in outstanding mortgage debt. But what this shows is that consumers are carrying massive amounts of debt.<\/p>\n<p>Thus this explains the levels of assets held by banks. (Assets of the bank are the outstanding loans to consumers, such as loans and mortgages)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I discovered this figure. Total UK consumer Debt is \u00a31,429,624,000,000. [http:\/\/www.centreforsocialjustice.org.uk\/publications] It has been appearing in the UK media for the past few days. This reports that the total debt carried by UK citizens (not HM Government) is \u00a31.429 Trillion = \u00a31429 Billion. To quantify this number: UK GDP = \u00a31.495 Trillion (\u00a31495 Billion) This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-396","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=396"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/396\/revisions"}],"predecessor-version":[{"id":397,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/396\/revisions\/397"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}