We have all read about the global financial tremors caused by the US sub-prime crisis. The first UK casualty was Northern Rock. But it’s not just institutions which are at risk. As the sub prime crisis unravels, over the next 12-18 months, there are likely to be many individual tragedies. Levels of personal indebtedness, income, credit rating and personal equity all go into the mix of determining the households most vulnerable to the sub prime crisis.
Experian, the credit rating company, has just completed an analysis of all 646 parliamentary constituencies, to assess which are the most vulnerable. This may have a significant influence on the results of the next election and the fortunes of individual MPs. You can view the Top 10 most at risk to a sub prime tsunami in the table below and download the same data for all 646 constituencies using the links below.
Top of the “Most Exposed” list is Sheffield (Brightside) whose MP is David Blunkett. 72% of his constituents are at risk from the sub prime fall-out (22,000 citizens. My own constituency of Mole Valley (MP Paul Beresford) is 617th out of 646 most exposed with almost 3% of constituents at risk (1004 citizens). No surprise perhaps that Kensington & Chelsea (MP Malcolm Rifkind) is in bottom/ 646th position with just 0.5% of constituents at risk (370 citizens)
Find your own constituency in this league table of potential gloom by downloading file below.
|
Rank |
Constituency |
Households At Risk |
Sub Prime Penetration % |
Member of Parliament |
Political Party |
| 1 | Sheffield, Brightside | 22,957 | 72.16 | D.Blunkett | Labour |
| 2 | Birmingham, Ladywood | 30,870 | 69.26 | C. Short | Labour |
| 3 | Nottingham North | 26,738 | 65.56 | G.WAllen, | Labour |
| 4 | Liverpool, Walton | 23,155 | 64.60 | P. Kilfoyle | Labour |
| 5 | Birmingham, Sparkbrook and Small Heath | 23,394 | 64.47 | R.D.Godsiff | Labour |
| 6 | Manchester, Blackley | 24,089 | 63.47 | G.E.Stringer | Labour |
| 7 | Birmingham, Hodge Hill | 18,451 | 63.31 | L.D.Byrne | Labour |
| 8 | Bootle | 19,552 | 63.15 | J.E.Benton | Labour |
| 9 | Tyne Bridge | 23,079 | 62.04 | D.G.Clelland | Labour |
| 10 | Belfast West | 18,360 | 59.43 | G.Adams | SinnFein |
Download the table for all 646 constituencies here: Experian Change in Household Debt in Last Year March 2008
Download the “Debt map” to see geographic spread of most affected areas here: Experian UK Debt Map
H/T Fraser Nelson (Spectator Coffee House)
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