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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.

Channel 4 news fact check on what has happened to average wages in the ten years since the credit crunch started.

And a focus here on what happened to the mortgage market before, during and after the crisis.

Alastair Darling's recollections and current fears

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty 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 conferences in the UK and overseas.

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