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A Debt-owing Democracy: The Political Impact of Housing Market Recession at the British General Election of 1992

Department of Geography, University of Sheffield, Sheffeld S10 2TN, UK

Daniel Dorling

Department of Geography, Daysh Building, University of Newcastle, Newcastle upon Tyne NE1 7RU, UK

Ron Johnston

University of Essex, Wivenhoe Park, Colchester C04 3SQ, UK

The 1992 British general election took place in the context of a severe housing recession which hit hardest in those regions from which the government usually drew much of its electoral support. The slump notwithstanding, however, the government went on to win its fourth successive election victory. The paper investigates the impact of the housing recession on the geography of the vote at the 1992 general election. Party fortunes were linked to local housing market conditions, and the failure of the housing market was a factor in reducing support for the government. Negative equity is identified as a particularly important problem in this regard.

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