Percent
8
6
4
2
0
-2
1992
1997
2002
2007
2012
2017
2022
1. Black Wednesday, the UK government is forced to withdraw the pound from the European exchange rate mechanism
2. Gordon Brown hands independence to the Bank of England for setting interest rates to manage inflation
3. 2008 financial crisis
4. Brexit vote triggers a sharp fall in the pound, leading inflation to rise as imports become more expensive
5. Covid-19 causes the worst economic crisis since the Great Depression
Percent
8
Covid-19 causes the worst economic crisis since the Great Depression
2008
financial crisis
Black Wednesday, the UK government is forced to withdraw the pound from the European exchange rate mechanism
6
4
2
Brexit vote triggers a sharp fall in the pound, leading inflation to rise as imports become more expensive
Gordon Brown hands independence to the Bank of England for setting interest rates to manage inflation
0
-2
1992
1997
2002
2007
2012
2017
2022