Is The UK Having Issues With Money?

FeaturedImage_FinancialCrisis_2.jpg

Is The UK Having Money Troubles?

10 years ago the UK struggles Immensely against the 2008 Financial Crisis,fortunately we have come over that time but there still could be a possiblilty that money issues have come back to strike!

The reasons why I think this is going to happen:

1) Workers are being paid less on their jobs.

2)Shoppers are spending way to much money and paying high prices than they should.

3)Many more people are now going into serious debt.

Those are some of the reasons why I think this is going to happen here are some of the Solutions I Believe that will be able to stop this:

1. The Government lend money to the people in debt.

2. The Government should give banks stricter rules just in case it hits the banks to.

3. Business peole should be lent money to pay their workers.

To conclude everything, I am saying that there may be another Finanacial Crisis but we can stop it this time from affecting so many people. Right now the UK is in a lot of debt with about £138 Trillion, In my opinion this can be fixed if stricter rules are placed down and the General Public know their boundries.

To find out more about this please visit this link:https://www.economist.com/britain/2018/07/26/the-british-economy-is-becoming-more-concentrated-and-less-competitive. What do you think? Can this be stopped? Or is it going to affect us like In 2008?

Please leave your Idea's and Suggestions In the comments bellow I would love to know what you think about this Topic!

Comments (8)

  • Olivia-Avatar.jpg Olivia @ Topical Talk
    16 Nov 2018

    Well done for showing great curiosity here and providing some possible solutions to the problems.

    Which solution do you think is most realistic? Which one would have the most difficult consequences? And which one do you think general public would support the most?

    1. St-Josephs-Northfleet-logo-250x250.jpg crafty_panda_bear | St Joseph's Catholic Primary School, Northfleet
      Olivia @ Topical Talk's comment 16 Nov 2018

      In My opinion the most realistic is the Government giving stricter rules because he can do that and it is a good way to keep the crisis away,I also think that one with the most difficult consequences would be the business people lent money because then they will have to pay that money back somehow and that would lead to being in greater debt,Lastly I think the General Public would support the Government giving stricter rules to the bank that way it would be better to keep your money there are they would be more focused on what they are doing, so this could be a way to prevent the Chaotic Crisis

      1. St-Josephs-Northfleet-logo-250x250.jpg energetic_conversation | St Joseph's Catholic Primary School, Northfleet
        crafty_panda_bear's comment 20 Nov 2018

        Out of interest, who do you think has more authority over English banks, the Government or The Bank of England?

  • Millbank-logo-250x250.jpg attentive_perspective | Millbank Academy A
    16 Nov 2018

    I do not believe their will be another financial crisis because we have learned since 2008 and the government will probably have a solution.

    1. St-Josephs-Northfleet-logo-250x250.jpg crafty_panda_bear | St Joseph's Catholic Primary School, Northfleet
      attentive_perspective's comment 16 Nov 2018

      Why do you think this way and what is your evidence of this?

  • Elaine-logo-250x250.jpg harmonious_snail | Elaine Primary School
    16 Nov 2018

    I have evidence to support the idea of a financial crisis not occurring in the future which is that many bosses of businesses are rising the monthly payment of employees. This could mean that the majority of citizens will have enough money to last them therefore an end to the financial crisis is probable. Although, I still think another financial crisis is yet to come.

  • Millbank-logo-250x250.jpg content_road | Millbank Academy A
    19 Nov 2018

    They are because they are losing money

  • St-Josephs-Northfleet-logo-250x250.jpg crafty_panda_bear | St Joseph's Catholic Primary School, Northfleet
    21 Nov 2018

    I think it is the Government because:
    1. In my opinion he gives the rules.
    2. He tells the bank how to run themselves
    This is what I think and to conclude everything I think the Government has more authority because he basically runs everything and can borrow, lend and pull out of debt banks. This was a nice comment and made me think a lot about the question

You must be logged in with Student Hub access to post a comment. Sign up now!