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Remember the date

Geoff Riley

8th October 2008

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Remember the date - the 8th October 2008 - a day when the UK government part nationalised the entire British banking system. A quite incredible landmark in the economic history of our country. I remarked in a previous blog this week that RBS was in serious trouble. Watch our for HSBC - barely mentioned today. They will have an important part to play in being a white knight to banks on the brink of collapse - presumably Brown and Darling are relying on HSBC to come to the rescue at some point in the next few weeks.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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