Walsall 01922 722205 • Birmingham 0121 371 9231 • Bournemouth 01202 355348 • Cannock 01543 401377 • Hereford 01432 291013 • Redditch 01527 531350 Rugeley 01889 529273 • Shrewsbury 01743 491239 • Stafford 01785 318768 • Stoke 01782 580886 • Tamworth 01827 849961 • Wolverhampton 01902 489657 G&K STRIKING NUMBERS – September 2017 Everyday in the UK… • The population of the UK grew by an estimated 1,474 people a day between 2015 and 2016. • On average, a UK household spends £3.40 a day on water, electricity and gas. • 277 people a day are declared insolvent or bankrupt. This is equivalent to one person every 5 minutes 12 seconds. • 543 credit & debit card purchase transactions were made every second in October 2017 with a total value of £1.92 billion. • 1,756 Consumer County Court Judgments (CCJs) are issued every day in Q3, with an average value of £1,472. • Citizens Advice Bureaux in England and Wales dealt with 4,563 new debt problems every day during the quarter ending October 2017. • 21 properties are repossessed every day, or one every 1 hour 9 minutes. • The number of mortgages with arrears of over 2.5% of the remaining balance fell by 6 a day. • 1,087 people a day reported they had become redundant between August and October. • Net lending to individuals in the UK increased by £154.8 million a day. • The Government debt shrank by £64m a day during November 2017. • Borrowers would repay £137 a day in interest over a year, based on November 2017 trends. • It costs an average of £30.23 per day to raise a child from birth to the age of 21. • 52 mortgage possession claims and 37 mortgage possession orders are made every day. • 371 landlord possession claims and 275 landlord possession orders are made every day. Personal debt in the UK • People in the UK owed £1.566 trillion at the end of November 2017 - an extra £1040.96 per UK adult. • The average total debt per household - including mortgages was £57,578 in November. The revised figure for October was £57,578. • Per adult in the UK that’s an average debt of £30,253 in October - around 113.8% of average earnings. This is up from a revised £30,172 a month earlier. Statistics source: http://www.themoneycharity.org.uk SIGNATURE DINNERS These exclusive Signature Dinners are held bi-monthly. The Dinners have been introduced for the benefit of Local CEOs, Managing Directors, Partners and Senior Managers to get together. They are designed to facilitate networking at a higher level and create and nurture long-standing relationships. Business briefings Places limited! Book early NEXT SEMINAR Tuesday 2nd October 2018 The Village Hotel, Inspiration Suite, Tempus Drive, Tempus Ten, Walsall, WS2 8TJ. 12.30-3:30 pm. Please check for availability. To reserve a place email: janet.peacock@griffinandking.co.uk FREE TO ATTEND - Including finger buffet and refreshments. Places will be allocated on a first come, first serve basis, and must be pre-booked by emailing: janet.peacock@griffinandking.co.uk Signature dinner dates for 2018 22nd February 2018, 26th April, 28th June & 27 September For further information email: janet.peacock@griffinandking.co.uk Contd. from page 2 In the days when I had an accounting practice I was asked by clients or prospective clients to advise them on ‘investing’ in a franchise operation. I can’t remember recommending one after looking carefully at the costs and the risks. Unfortunately, all too often, such aspiring business owners are prepared to gamble huge amounts of their personal wealth without taking any professional advice. I’m afraid to say, I don’t expect anything to change. G&K