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Bank of England finds risk of crisis biggest since 2008

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Bank of England finds risk of crisis biggest since 2008

Post by Martyn20 on Wed Nov 23, 2011 5:40 am

The risk of a financial crisis in the UK is at its greatest since the collapse of Lehman Brothers in 2008, according to a Bank of England Survey.
Its systemic risk survey of 68 firms showed that 54% of respondents thought the risk of a "high impact event" was high or very high.
It covers the second half of 2011.
High impact events include scenarios such as the break-up of the euro, a UK government debt default, or a financial institution failing.

BBC Story

We are totally in the hands of the EU here, not a lot we can do but hope and pray



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