Friday, May 18, 2007

How rich is my constituency?

A question that can be answered surprisingly simply by the fact that the Inland Revenue publishes its tax and income statistics by parliamentary constituency.

The top 5 in total income (UK = £686bn) are:

Kensington & Chelsea - £5.7bn
City of London and Westminster - £5bn
Hampstead and Highgate - £3.2bn
Hammersmith and Fulham - £3bn
Richmond Park - £3bn

and in terms of income per head it is the same with K&C far ahead, although Hammersmith and Fulham drops to 12, and Wimbledon is 5th.

Kensington & Chelsea - £104,000
City of London and Westminster - £66,500
Hampstead and Highgate - £59,900
Richmond Park - £47,900
Wimbledon £43,700.

Median income is much lower, but the same places crop up - with K&C (£28,400), followed by H&H (26,100), Cities of L&W (£25,700).

The five poorest in terms of income per head are

Belfast West - £15,100
Nottingham North - £15,200
Sheffield, Brightside - £15,300
Rhondda - £15,500
Manchester, Blackley - £15,600

The poorest London constituency is West Ham, which is 106th.

In terms of tax, total UK take is £122bn. The leading constituencies are the same as the ones in terms of total income with K&C paying £1.8bn in tax, or £32,900 per inhabitant, followed by Cities of L&W, which pays £1.5bn, or £19,500 per head. K&C also pays the highest % tax, at 31.8%. The lowest are the same as the lowest constituencies, with Sheffield Brightside paying £1,950 per head, or 12.9%. In fact the tax take from residents of K&C, Cities of L&W and H&H, with a tax paying population of 182,000, is slightly more than that of the Welsh, with a population of 1.4m.

The constituency with the lowest proportion of income being pension income is Hackney South, with just 2.6% of income pension income, the highest East Devon, where it is 23%, then West Dorset, 22.2%, and North Norfolk 21.6%. For self-employed income, the lowest is 3.6% in Glasgow North East, then Redcar, Sunderland, Jarrow, the highest is in Islington South, Brecon and Radnorshire, and a number of Northern Ireland constituencies, where it is around 20%.

These should all be taken with caution, as such data is not massively accurate.

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