Going Bust News Today

a bbc investigation exposes a culture of humiliation, verbal abuse and bullying at one of the uks largest mental health hospitals. the us rapper coolio dies at the age of 59. could earlier kick—off times keep football clubs in business? a meeting will be held today to come up with a plan to help clubs deal with rising energy costs. rain to clear south—west england this morning and then sunny spells and showers. with winds, not feeling as cool as it has in recent days. details later...

The telegraph says a pension funds crisis sparked by the chancellors mini—budget forced a £65 billion bailout by the bank of england. the prime minister is facing pressure from her mps to sack the chancellor and reverse the abolition of the tax rate because its gone down badly with voters — according to the guardian. �*britain on the brink�* is how the mirror describes it. the paper says the bank of englands bailout has stopped the countrys pension funds "going bust". and it turns out t...

Rui Esteves, Seán Kenny, Jason Lennard 20 July 2021 There is little consensus on the macroeconomic impacts of sovereign debt crises, despite the regularity of such events. This column quantifies the aggregate costs of defaults using a narrative approach on a large panel of 50 sovereigns between 1870 and 2010. It estimates significant and persistent negative effects of debt crises starting at 1.6% of GDP and peaking at 3.3%, before reverting to trend five years later. In addition, underl...