The global financial crisis, which began in 2007, was probably the biggest shock to hit the UK economy in living memory. Since the beginning of this crisis, much has happened that might previously have been thought impossible: the virtual nationalization of two of the UK's largest banks, a government deficit in double digits, a negative watch on the UK's AAA credit rating, a Bank of England base rate 150 basis points below its previous all-time low, and a 200,000m. programme of quantitative easing. These momentous events have demanded a fundamental reworking of the traditional analysis of...
The global financial crisis, which began in 2007, was probably the biggest shock to hit the UK economy in living memory. Since the beginning of thi...
