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RegionAverage DebtTotal UnemploymentAverage House Price
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Average Debt

A reduction of over £2,000 in the UK average debt is certainly a positive step, indicating that more people are getting in control of their finances. However, the figures do not include mortgage commitments, one of the biggest contributors to debt.

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Total Unemployment

Another round of companies entering administration and announcements of job losses from major employers will provide a further headache for the coalition government - not to mention the UK populace.

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Average House Price

Falling house prices may improve the market for the all-important first-time buyer segment, but mortgage providers are still cautious about lending to this group. Buyers may be increasingly willing to relocate to more affordable areas in future.

East Midlands £9,420.63 8.3% £123,697
Wales £8,186.17 8.9% £117,447
South West £8,184.78 6.5% £170,504
South East £8,380.93 6.4% £206,522
Northern Ireland £7,663.04 6.8% £139,691
Yorkshire & Humber £7,650.68 10.1% £119,096
UK Average £7,504.08 8.4% £162,228
London £6,884.83 9.9% £345,298
West Midlands £6,804.059.2% £129,082
Scotland £6,560.34 8.6% £157,174
East Anglia £6,527.787.2% £172,899
North West £6,517.44 8.9% £113,204
North East £5,750.00 12% £99,464

Average Debt

The UK average debt fell by a considerable amount between November and December - a surprising result, perhaps, given the onset of Christmas spending. However, there was significant regional variation - Wales saw the biggest increase in its debt burden, jumping from the bottom of the table in November to second from the top in the space of a month, while people in the East Midlands went from fourth-highest to the dubious honour of having the most personal debt in the country.

Meanwhile, there was better news for those living in the North-West and North-East of England, both of which managed to reduce their average debts by around a third. People in Northern Ireland also repaired their personal debt burdens by nearly £2,500 month-on-month to drop down two places on the table.

Total Unemployment

There was a small increase in unemployment between September and November 2011, forming a precursor to the Office for National Statistics' shocking announcement that the number of people out of work in the UK has hit a 17-year high. Regionally, the picture remained much the same, although more areas recorded small rises rather than falls in their own totals.

However, worthy of mention is the 0.6 per cent jump in Yorkshire and the Humber, equating to a rise of 11,000 jobless in the region and the biggest regional increase by quite a margin. The figures came amid discouraging news for those expecting a quick fix, as Lloyds Bank announced 700 job cuts around the UK - including 70 in Yorkshire - and high street chains La Senza and Peacocks went into administration.

Average House Price

An overall fall for UK house prices as new buyers continued to struggle to access mortgage finance, and the approaching end of the stamp duty holiday in April 2012 has so far failed to get the market moving. Even the traditionally robust South-East recorded a fall in average prices, in spite of a widely-reported upward trajectory in the capital.

Northern Irish homeowners saw a punishing £8,500 wiped from the value of the average property year-on-year, paving the way for the country's sixth successive year of price drops in 2012. Scotland recorded the best regional performance with broadly static house prices, which against a backdrop of high inflation will steadily make property more affordable.