Key points from the data
- In 2020 Q2 loans to members decreased in every region, and by 5.9% across the UK overall when compared to 2020 Q1. The total loan amount fell back below £1.6bn for the first time since 2019 Q1.
- Total liquid assets increased by 20.4% over 2020 Q1 across the UK, up to £1.2bn, with the largest increase occurring in England which saw a 31.2% rise.
- Total UK value of net liabilities in arrears increased by 20.5% whilst the number of net liabilities in arrears rose by 5.0%. This led to a 14.8% rise in the average net liability in arrears, now £1,528.
- Total UK value of net liabilities in arrears as a percentage of loans to members rose to 7.2%.