Key points from the data
- The impact of the Covid shock is evident in the Q2 and Q3 2020 statistics, as households across the UK feel the effects of Government restrictions, rising unemployment, the furloughing of staff and the resulting increased financial uncertainty.
- Total UK value of loans to members decreased by a further 0.5% in 2020 Q3 following the 5.7% decrease that occurred in 2020 Q2 during the onset of Government restrictions.
- Despite a 3.0% fall in the UK total number of liabilities in arrears, the total value increased by 0.9%. Correspondingly the average net liability in arrears increased by a further 4.0%.
- Every UK region has experienced a significant increase in the value of total shares, which rose by 5.4% in 2020 Q2 and further 2.6% in 2020 Q3. This compares with an average quarterly increase over the previous five years of only 1.4%.