Alistair Darling/Addendum

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https://en.citizendium.org/wiki/index.php?title=Alistair_Darling/Addendum&printable=yes
This addendum is a continuation of the article Alistair Darling.

The impact of the financial crisis

When Alistair Darling took office as Chancellor of the Exchequer in June 2007, the international financial system had just entered the first stage of the financial crisis. A sharp and unexpected fall in United States house prices had created the subprime mortgage crisis by causing large falls in the prices of internationally-held securities whose value depended upon mortgages secured on those houses.

Fiscal deficits

Support for the banks

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