The UK economy is forecast to contract 0.9% in 2023, the UN agency said, amid "a series of headwinds" resulting from Brexit and international conditions.
If the UK Government had not stepped in a couple of days ago with buckets of money the pension funds would have imploded. They had a emergency meeting today about the banking industry. If it had exploded it would have made Leman and Bear S look pale. As nowadays the banks are interconnected. The EU banks are likely to crash first at which time you might have 2 days to get your money out of western banks before they crash also. And remember folks the laws were changed so the government does not do bailouts any more the banks have bailins, the banks clean out your money and give you shares in there bankrupt bank