All news on the topic: Financial crisis

1156
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
581
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%
841
'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
753
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
610
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
617
Bank of England chief economist says interest rate cut is 'some way off'
Huw Pill, chief economist at the central bank, also warned that the economy is currently weak and said policymakers should not feel a "false sense of security" if inflation falls below the 2% target rate in the coming months
870
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?
1195
'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.
602
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
1154
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
904
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
691
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
491
UK government faces 'bleakest fiscal challenge since 1950s' as tax hikes loom
The next UK government will face one of the toughest fiscal challenges since the 1950s, with sluggish economic growth and high national debt, according to a report by the Institute for Fiscal Studies
1034
The scandal behind Woolworths from bombings to fires and fatalities
Much-loved high street store Woolworths shut its doors for the final time 15 years ago but it fought many dramatic battles to try and survive and there was even loss of life along the way
657
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
1171
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
1130
'Alistair Darling was a rare thing - a politician never afraid to speak truth'
Labour former Chancellor Alistair Darling, who turned around the economy following the financial crisis and led the Better Together campaign in Scotland, has died aged 70
1060
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
946
Salary people say would buy them happiness with millennials asking for huge wage
Cost of living, student debt and inflation are all major concerns for Americans, leading some to cite half a million dollars as their required base salary for a happy life. However for others getting on the property ladder and buying a coffee is the price of contentment.
1166
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
1045
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
437
'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
1172
'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
687
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
846
Bank of England warns homeowners to be careful with mortgage payments
The Bank of England has warned that many homeowners are extending the period over which they pay back their loans, which could increase the burden on them in the long run
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