UK: personal debt rises in 2003

Unsecured borrowing - debt on credit cards, loans and overdrafts - jumped by almost a third during 2003 in the UK, with personal debt now averaging £4,426 (€6,362) per adult.

In a report released today by market analyst Datamonitor, levels of unsecured debt levels have risen by more than £1,000 since 2002, when the figure was £3,383 (€4,863).