Economics
Topic updates
The Credit Crunch a Decade On - Some Big Numbers
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.
— 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
Recommended
Exam support for 2022
Online Grade Booster Courses for A-Level Exams in May & June 2022
Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams