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FinObservatory

Crisis atlas / GBR

United Kingdom

56 distinct crisis events in 19 episodes, 1811–2014, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

40
Banking crises
15
Currency crises
1
Sovereign debt crises
56
Crisis events
1811–2014
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2014
    Bankingrr1 source
  2. 2013
    Bankingrr1 source
  3. 2012
    Bankingrr1 source
  4. 2011
    Bankinglaeven_valencia, rr2 sources
  5. 2010
    Bankingesrb, laeven_valencia, rr3 sources
  6. 2009
    Bankingesrb, laeven_valencia, rr3 sources
  7. 2008
    Currencyrr1 source
    Bankingesrb, gmd, laeven_valencia, rr4 sources
  8. 2007
    Bankingesrb, jst, laeven_valencia, rr4 sources
  9. 1995
    Bankingrr1 source
  10. 1994
    Bankingesrb1 source
  11. 1993
    Currencyrr1 source
    Bankingesrb1 source
  12. 1992
    Bankingesrb1 source
  13. 1991
    Bankingesrb, gmd, jst, rr4 sources
  14. 1984
    Bankingrr1 source
  15. 1983
    Currencyrr1 source
  16. 1982
    Currencyrr1 source
  17. 1981
    Currencyrr1 source
  18. 1976
    Currencyrr1 source
    Bankingrr1 source
  19. 1975
    Currencyrr1 source
    Bankingesrb, rr2 sources
  20. 1974
    Bankingesrb, jst, rr3 sources
  21. 1973
    Bankingesrb, gmd2 sources
  22. 1967
    Currencygmd, rr2 sources
  23. 1949
    Currencyrr1 source
  24. 1947
    Currencyrr1 source
  25. 1946
    Currencygmd, rr2 sources
  26. 1939
    Currencygmd, rr2 sources
  27. 1932
    Sovereign debtgmd, rr2 sources
  28. 1931
    Currencygmd, rr2 sources
    Bankingrr1 source
  29. 1919
    Currencygmd, rr2 sources
  30. 1914
    Bankinggmd1 source
  31. 1908
    Bankingrr1 source
  32. 1890
    Bankinggmd, jst, rr3 sources
  33. 1880
    Bankingrr1 source
  34. 1879
    Bankingrr1 source
  35. 1878
    Bankinggmd, rr2 sources
  36. 1866
    Bankinggmd, rr2 sources
  37. 1858
    Bankingrr1 source
  38. 1857
    Bankinggmd, rr2 sources
  39. 1848
    Bankingrr1 source
  40. 1847
    Bankinggmd, rr2 sources
  41. 1839
    Bankingrr1 source
  42. 1838
    Bankingrr1 source
  43. 1837
    Bankinggmd, rr2 sources
  44. 1826
    Bankingrr1 source
  45. 1825
    Bankinggmd, rr2 sources
  46. 1817
    Bankingrr1 source
  47. 1816
    Bankingrr1 source
  48. 1815
    Currencygmd, rr2 sources
    Bankingrr1 source
  49. 1814
    Bankingrr1 source
  50. 1811
    Bankinggmd, rr2 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

1811–1817

BankingCurrency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1866

Banking
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1890

Banking
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1908

Banking
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1914

Banking
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1919

Currency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1931–1932

BankingCurrencySovereign debt
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1939

Currency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1946–1949

Currency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1967

Currency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1973–1976

BankingCurrency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1981–1984

CurrencyBanking
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

1991–1995

BankingCurrency
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

2007–2014

BankingCurrency2007–2011: fiscal cost 8.8% of GDP, output loss 25.3% of GDP(Laeven-Valencia 2026)
Inflation (% y/y)
Policy rate (%)
Govt debt (% of GDP)

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology