System failure
Ten years on from the “credit crunch” that threw the world economy into a downward spiral, reports suggest we might be heading for another crash. Tomáš Tengely-Evans investigates.
A decade ago last month queues began forming outside Northern Rock. The building society had been unable to raise the money to pay its debts. Cap in hand, its bosses had been forced to march up Threadneedle Street to beg the Bank of England for a loan.