View more on these topics

East London is most at risk for fraud, says Callcredit

East London is the UK area most vulnerable to fraud, reveals credit reference agency Callcredit.

The news comes as a further blow for East London, which only last month was named as the most indebted area in the UK.
Based on data including known fraud cases, house prices, the electoral roll, unemployment data and geo-demographic data, Callcredit has assessed the fraud status of the 121 localities that make up the UK. 

A shocking nine areas of London make it into the top 10 most fraudulent areas, with Liverpool taking up the final spot.
Residents of Hereford have been identified as least at risk of falling victim of fraud, followed closely by areas such as Dorchester, Worcester, Exeter and Belfast.
Owen Roberts, head of, says: “According to some of our recent research, 54% of Brits are more concerned about ID fraud now than they were 12 months ago.
“Fraud is an all too familiar concept these days and no one can be 100% safe from this organised crime, however people can certainly do things to help put themselves at a lower risk of falling victim.”

He adds: “A sound financial standing is especially important during a recession and falling victim to identity fraud can damage your credit rating for a long time.

“It can be a time-consuming experience but by taking precautions now may save you from months of trying to reclaim control of your own name.”


Councils may set up own banks

Councils are considering setting up their own local banks to bridge the funding gap caused by the credit crunch.

Lenders are taking the mickey and should be controlled

I was absolutely astounded to hear Bank of England governor Mervyn King say that it may be necessary to encourage banks to start lending to small businesses and home buyers again. What was that?

Don’t play chicken with the Bank of Japan

By Josh Ausden, Head of Client Investment Strategy, Neptune Short-term yen strength has hurt the Neptune Japan Opportunities Fund but recent events have only added weight to our conviction that the Bank of Japan will act to ease policy, boosting multinationals’ profits and weakening the yen. In recent weeks the performance of the Japanese stockmarket […]


News and expert analysis straight to your inbox

Sign up