A DEBT-OWING DEMOCRACY - THE POLITICAL IMPACT OF HOUSING-MARKET RECESSION AT THE BRITISH GENERAL-ELECTION OF 1992

The 1992 British general election took place in the context of a sever e housing recession which hit hardest in those regions from which the government usually drew much of its electoral support, The slump notwi thstanding, however, the government went on to win its fourth successi ve election victory, The paper investigates the impact of the housing recession on the geography of the vote at the 1992 general election, P arty 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.