Flag of Scotland (navy blue)
Flag of Scotland (navy blue)

I say! You there!

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The Financial Crisis of 2014 is a major financial crisis, believed to be have been the second worst since the Great Depression of the 1930's, after the Crisis of 2007-8.

Most economists view the catalyst for the Crisis to be the Scottish Independence referendum of 2014, which resulted in a significant crash in the British Economy. This in turn worsened the Chinese economy, which furthered the negative effects.


After the Financial Crisis of 2007-08, markets had started to stabilise. However, with the announcement of Scottish Independence, the prices in the London Stock Exchange fell by up to 10%, and the Pound started to slide against other major currencies. This in turn caused major effects in the already crumbling Chinese Economy, further increasing the crisis.

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