Unlike Governments that endured previous market crashes, Liz Truss stands accused of causing a self-inflicted crisis Here's how the UK's current financial crisis compares to previous economic crashes ⤵️ 🔴 DavidParsley50
The current UK markets crisis is not the first, but could be more self-inflicted than previous slumps What does 1987’s Black Monday, 1992’s Black Wednesday, 2007’s recession, and the current economic turmoil have in common? Global events all played a part.blamed external forces for the fall in the pound, the rising cost of Government borrowing, concerns over the pensions industry, and the skyrocketing cost of mortgages.
In order to consider the difference between this crisis and any others in recent memory, we should refresh our memories.Black Monday on 19 October, 1987 was, at the time, the largest single-day stock market crash in history. The severity of the crash sparked fears of extended economic instability or even a reprise of the Great Depression.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unlike Overwatch 2, Modern Warfare 2’s mobile phone requirement is PC-only | VGCUnlike Overwatch 2, Modern Warfare 2 won’t require console players to have a text-enabled mobile phone number to play the game, but PC users will still need one
Read more »
We're Heading for a Stagflationary Crisis Unlike Anything We've Ever Seen'This rise in inflation may not be a short-term phenomenon: the Great Moderation of the past three decades may be over, and we may be entering a new era of Great Stagflationary Instability,' writes Nouriel Roubini
Read more »
Six areas where Leeds council is losing money amid £20.4m budget deficitMeasures taken to cuts costs so far have included cancelling all the council's bonfire night displays and freezing almost all recruitment
Read more »
Will the UK financial chaos spark a wider meltdown?Risks to global financial stability are verging on crisis levels, the IMF has warned.
Read more »