Since 2007 when the world economy was first hit by the economic slowdown, the banking industry has strived hard to revive the UK economy. This has also led to sudden setbacks for their customers both directly and indirectly. The debt map if any would only show that all regions and people have been somehow been struggling with debt of some kind or the other. The problems surrounding leading banks such as HBOS, Lloyds TSB and RBS reached its peak in 2008 which required the state government to bail them out.
This bailout which was worth billions faced stiff opposition from the masses as it led to the implementation of some stiff and uncomfortable austerity policies by the government. Even today some of these banks have not fully recovered from the setback and are continuing to run into huge and unbearable losses.