2008 Financial Crisis — Banks Bailed Out, Workers Paid the Price

The global financial crisis, triggered by the collapse of US mortgage-backed securities, required the UK government to spend £500 billion bailing out RBS and Lloyds. Brown's response — a coordinated international stimulus — was praised by economists. But the crisis had domestic roots in the Big Bang deregulation and the FSA's light-touch regulation of UK banks.

Gordon Brown — Labour Party

In power 2007–2010