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The Credit Crunch a Decade On - Some Big Numbers

Geoff Riley

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.

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.

More here: https://t.co/2OJp7Cw9jC pic.twitter.com/zOmnYpn946

— C4 News FactCheck (@FactCheck) August 9, 2017

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.

More here: https://t.co/2OJp7Cw9jC pic.twitter.com/tceu2Bx2Ki

— C4 News FactCheck (@FactCheck) August 9, 2017

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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