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Examining the impact of financial crisis on different business sectors of UK


The financial crisis is a term that can be broadly applied to a variety of situations. It is a situation under which some financial assets unexpectedly lose a major part of their nominal value. It includes stock market crashes, currency crisis, and sovereign defaults.

Many economists have given different theories about financial crisis stating how they are developed and how they can be prevented. Financial Crisis 2008 was regarded one of the largest economic crisis that happened across the world.

This study makes an effort to measure the impact of financial crisis on different business sectors of UK such as Information technology, banking, entertainment, travel & tourism, stock market, etc. For that purpose, primary data can be collected from industry experts belonging to different business sectors through interview method.

Suggested readings

  • Taketa, K., & Udell, G. F. (2007). Lending channels and financial shocks: The case of small and medium-sized enterprise trade credit and the Japanese banking crisis. Monetary and Economic Studies. 25(2). pp.1-44.

  • Fallon, P. R., & Lucas, R. E. (2002). The impact of financial crises on labor markets, household incomes, and poverty: A review of evidence. The World Bank Research Observer. 17(1). pp.21-45.

  • Taylor, J. B. (2009). The financial crisis and the policy responses: An empirical analysis of what went wrong (No. w14631). National Bureau of Economic Research.

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