insolvency

Kate Allen

“Oh we do like to be beside the seaside, oh we do like to be beside the sea”, as the classic English music-hall song goes. But for many people, that’s no longer the case. British seaside towns – once the bastion of the country’s summer economy – now have the nation’s highest levels of insolvency, according to a data analysis by the Office for National Statistics.

Four of the five highest rates of insolvencies in 2011 (per 10,000 adult population) were areas containing seaside towns, and they make up just under half of the top 20.

Highest rates of insolvencies 2011