UK - Special report: Britain's great depression?: Sky News

Published on 8 October 2018

Analysis by Sky News of different recessions throughout UK and US history has found that the UK's recovery is now weaker than the American recovery after the Wall Street Crash of 1929. The former head of the CBI and the Financial Services Authority, Lord Turner, told Sky News that something has gone "deeply wrong" with capitalism. He said: "We have a whole load of people who in 2018 have real wages which are below where they were in 2007." The bank known for the bailout is RBS which remains linked to the crisis with the biggest shareholder being the British government, a hangover from the emergency bailout of 2008. Sky’s Ed Conway looks back at what this could mean for the Chancellor and if the past decade will be seen as the UK's depression in future.