The Seven-Year Itch: Where are we now?


Date October 2015


In September 2008, Lehman Brothers, then the fourth-largest US investment bank, went bankrupt and sparked a chain reaction of financial crises that reverberated throughout the world coming perilously close to causing a systemic failure of the global financial system.

What has changed since then? Britain is officially out of recession, unemployment statistics are falling, and GDP grew by 2.6% in 2014. However, with harsher anti-austerity measures to come, much of the country is yet to face the worst effects of recession. In the City, excessive risk-taking culture and lack of proper surveillance still pervades. How much has really changed, and what more should be done to future-proof against another global crisis?

In autumn 2015, CoVi hosted a series of discussions with leading authors and commentators on how to ensure that economic recovery improves the lives and circumstances of everyone in society, not just those at the top.