These happen yearly, but the list…
…“deep simultaneous recessions in the UK and global economies, large falls in asset prices, higher global interest rates, and a stressed level of misconduct costs”…
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Quite.
I’m sure the BoE wouldn’t let the banksters suffer if such a highly likely scenario were to emerge. Depends essentially on how USrael - Iran turns out. Enormous oil price hikes anyone?
They certainly helped us get thru the Credit Crunch after all /sarc