πŸ‡¬πŸ‡§United Kingdom Β· 00s

The Crash

Banks collapsed, Boris became mayor, and Britain entered the Great Recession.

What happened

4 milestones of 2008

Sep-Oct

Global Financial Crisis Hits Britain

Northern Rock had already been nationalised (Feb). Now RBS, HBOS, and Lloyds needed Β£500 billion bailouts. Britain's banking system nearly died. Austerity would follow.

Economic crisis β€” acknowledge devastation to ordinary people

Nov 4

Obama Elected β€” UK Celebrates

Britain celebrated Obama's election almost as enthusiastically as America. 'Yes We Can' resonated across the Atlantic.

Aug 8-24

Beijing Olympics β€” Team GB Excels

Team GB won 47 medals (19 gold) β€” the best result since 1908. Chris Hoy, Rebecca Adlington, and Bradley Wiggins became national heroes.

What was playing

70% local Β· 30% international

What was in cinemas

Slumdog Millionaire

Slumdog Millionaire

Danny Boyle β€” British director, Indian story. Best Picture winner.

The Dark Knight

The Dark Knight

Christopher Nolan β€” Heath Ledger's Joker. Filmed partly in London.

Mamma Mia!

Mamma Mia!

Phyllida Lloyd β€” Meryl Streep and ABBA. British audiences loved it.

Tropic Thunder

Tropic Thunder

Ben Stiller β€” Major UK release β€” TMDB 6.7

Quantum of Solace

Quantum of Solace

Marc Forster β€” Major UK release β€” TMDB 6.3

What was on TV

Gavin & Stacey

2007-2019 β€” James Corden and Ruth Jones. Billericay meets Barry. 'Oh, what's occurring?'

The Inbetweeners

2008-2010 β€” Four suburban teenage boys. Painful, hilarious, universal.

Strictly Come Dancing

2004-present β€” BBC's Saturday night juggernaut was at peak popularity.

How much things cost

Currency: GBP

Pint of milk42p
Pint of bitterΒ£2.60
Average houseΒ£176,950
Litre of petrolΒ£1.04

Inflation: 4.0%

Financial panic. House prices falling 15%. Northern Rock nationalised. Gordon Brown 'saved the world' (he misspoke β€” but arguably did).

Then vs. Now

Inflation-adjusted values

Pint of milkONS
2008 (GBP)
42p
β†’
Today's value (Β£)
--
Pint of bitterBBPA
2008 (GBP)
Β£2.60
β†’
Today's value (Β£)
--
Average houseONS
2008 (GBP)
Β£176,950
β†’
Today's value (Β£)
--
Litre of petrolRAC
2008 (GBP)
Β£1.04
β†’
Today's value (Β£)
--

Technology

iPhone 3G (UK)

The iPhone went mainstream in Britain via O2.

BBC iPlayer

BBC launched catch-up TV. 'Watch again' changed viewing habits.

Spotify (Europe)

Swedish streaming service launched. UK access soon.

Pop Culture

Fashion

Indie sleaze continuingSkinny jeans for everyoneVintage and charity shop chicTopshop at its peak

Slang

Credit crunchβ€” The financial crisis β€” entered everyday language
Banterβ€” Playful mockery between friends
Ledgeβ€” Short for legend β€” high praise

Behavior

  • The financial crash made 'banker' a swear word
  • Team GB's success built momentum for London 2012
  • The Inbetweeners captured the awkwardness of being a British teenager

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Card og de 2008

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