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All news on the topic: Financial crisis

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UK's poshest pawnbrokers where desperate rich sell Porsches and Rolex watches
James Constantinou, who owns Prestige Pawn, a brokers in Guildford, Surrey, says more and more people are looking for quick cash amid the cost-of-living crisis and high interest rates
652
UK economy flatlines in April in crippling blow for Rishi Sunak
The economy marked a slowdown from growth of 0.4% in March and was dragged down by weaker-than-usual retail sales over Easter and a fall in construction output
679
Nationwide's £2.9bn takeover of Virgin Money to be investigated by watchdog
The Competition and Markets Authority is considering whether the deal – which is the biggest UK banking merger since the financial crisis – could 'result in a substantial lessening of competition' within the UK market
1115
MP calls for 'sewage tax' and freeze to water bills in BBC Question Time faceoff
Daisy Cooper MP, LD, joined Mark Spencer, the Conservative MP for Sherwood, Bridget Phillipson, the Labour MP for Houghton and Sunderland South and Timothy Montgomerie, a British political activist, blogger and columnist in some tough questions from BBC presenter Fiona Bruce
1186
NatWest boss admits year of 'unexpected challenges' despite £6.2billion profit
'Clearly 2023 was an exceptional year, that brought challenges for our customers, our sector, and the economy, as families and businesses faced into the fastest rate rise cycle since the 1970s with persistently high levels of inflation'
816
Government cuts stake in NatWest to below 30% for first time since bank crisis
NatWest was nationalised in 2008 and 2009, with several multibillion-pound bailouts leaving the Government with an 84% stake in the company, then known as the RBS Group
1407
Multiple rate rises have impacted first-time buyers greatly, says UK Finance
The number of mortgages handed out to first-time buyers last year was the lowest since 2013, down 22.4% compared with 2022
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Mum who has paid £91k extra on her mortgage told she 'can't afford' cheaper deal
Rebecca Wendel says her monthly mortgage payments are now £2,150 and with a rate of 9.79%, up from £1,049 in August 2022 when she was paying 6.75%
1205
'We need to wake up to how austerity has made elderly more frail than ever'
Dr Miriam Stoppard says we need to look at frailty, which is defined as a decline in a person’s mental and physical resilience to illness and injury – before any new austerity measures are introduced
1500
Hull KR's Sam Luckley on injury, Sam Burgess and Newcastle season tickets
Scotland prop, 28, is back in action after lengthy foot injury and ready to take on Warrington Wolves
1290
House sales slow to 2008 financial crisis levels, says estate agent Foxtons
House sales in London decreased by 22% last year compared to 2022 leaving transaction volumes 'at some of the lowest levels since 2008' the company said
1481
Experts share exactly how latest recession will compare to horrors of 2008
The UK economy fell into recession at the end of 2023, new figures released this month show, but how does it compare to the Great Recession that devastated the nation in 2008?
784
'Don't blame Rishi for the recession - it's a Tory technicality'
Spending wisely saves lives, says Fleet Street Fox. Wasting billions on PPE deals with your mates does not.
523
NatWest appoints new chief executive as bank reveals highest profit since 2007
The bank reported a pre-tax profit of £6.2 billion for 2023, which is the highest since the £9.9 billion made just before the global financial crisis in 2007
1136
Rishi’s promises to kickstart economy in tatters as UK plunges into recession
There are concerns there will be yet more savage cuts to decimated public services - the Office for National Statistics, on Thursday, said the economy shrank by a worse-than-feared 0.3% in the final three months of last year
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Bank of England chief says banks in 'sound health' but share prices a 'puzzle'
Andrew Bailey said the banking system had proved to be more resilient than in the past, but said there was a 'puzzle' over the share prices of major lenders
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Number of businesses going bust at 30-year high due tough economic climate
The number of company insolvencies hit a 30-year high in 2023 as firms suffered amid high interest rates and cost pressures
1229
Barbra Streisand says she had stock market 'addiction' and invested in Viagra
The 81-year-old said playing the markets gave her the thrill she craved but eventually toned down her hobby when it became stressful and almost like a full-time city job
1441
One in five councils teetering on brink of bankruptcy in blow to key services
Town halls will have to weigh up hiking council tax or inflicting further cuts if the Government doesn't act urgently to help cash-strapped councils on the verge of bankruptcy
999
Family went from having 12 houses and a Porsche to nothing in two weeks
The high-living Liverpool family moved to Australia after losing almost everything in the global financial crisis. From living a life of luxury to having nothing, they had to reevaluate their whole lives
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Newbuild village hell as 4,000-home development still has no school or shops
Residents living in Coed Darcy, Wales, say they have been waiting over a decade to see amenities including shops and parking constructed in their area - they are unable to walk to reach vital services
683
Tearful landlord hits back at critics after revealing 'unglamorous' side of job
A woman has come under fire after sharing a video talking about the difficulties and downsides of being a landlord. She shared a tearful video explaining what it's like to have difficult tenants
852
'I'm a dad-of-six - but I refuse to reduce my work hours to help with childcare'
A hard-working dad has a dilemma on his hands after his stressed wife pleaded with him to step back from his job and pitch in more with looking after their six children
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'Obscene' move to lift cap on bankers' bonuses amid cost of living crisis
Bankers were paid more than £13billion in bonuses in 2008, on the eve of the financial crisis, and the bid to further enrich the UK’s bankers was announced by Kwasi Kwarteng
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Weakest October for house sellers' asking price growth since 2008 downturn
Rightmove has said that the average asking price for a newly-advertised property in October was the weakest since the 2008 financial downturn
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