Topic updates
The Credit Crunch a Decade On - Some Big Numbers
![](https://tutor2u-net.imgix.net/user-photos/gbr_profile.jpg?auto=compress%2Cformat&crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=100&q=80&w=100)
10th August 2017
Here is a really snazzy graphic that might be used in lessons when teaching the background to and the aftermath of the credit crunch which started in earnest ten years ago.
![](https://tutor2u-net.imgix.net/subjects/economics/chartoftheday_10632_financial_crisis_in_numbers_n.jpg?auto=compress%2Cformat&fit=clip&q=80&w=800)
Overall the cost of bailing out the banking sector exceeded £135 billion.
10 years ago £1 was worth $2.02 and €1.48. Today £1 is worth $1.30 and €1.107
Torsten Bell writes in the Guardian arguing that the last decade has seen numerous missed opportunities by policy-makers.
Very strong piece on 10 wasted years of policy in the wake of the credit crunch from @TorstenBell here : https://t.co/8qfdfqM3vI
— Ben Chu (@BenChu_) August 9, 2017
Channel 4 news fact check on what has happened to average wages in the ten years since the credit crunch started.
Average weekly earnings dropped by £50 after the credit crunch. We're still £30 a week worse off today.
— C4 News FactCheck (@FactCheck) August 9, 2017
More here: https://t.co/2OJp7Cw9jC pic.twitter.com/zOmnYpn946
And a focus here on what happened to the mortgage market before, during and after the crisis.
This is what happened to the availability of mortgages after the credit crunch.
— C4 News FactCheck (@FactCheck) August 9, 2017
More here: https://t.co/2OJp7Cw9jC pic.twitter.com/tceu2Bx2Ki
Alastair Darling's recollections and current fears
.@10yrsaftercrash We're still trying to learn about the Financial Crisis in our degrees! Lets learn from history! https://t.co/by9YYrY7xf
— Rethinking Economics (@rethinkecon) August 10, 2017
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