HOME   Internet Access   Email   My Account   Messenger   Ringtones   People & Chat   Free SMS   Cheap Calls   Help 
Business Entertainment Games Jobs Lifestyle Mobile Money Motoring Music News Shopping Sport Technology Travel
events
Tiscali - goldenjubilee
 
MONEY AND BUSINESS
How the financial world has changed
A look out how things have changed in the economy and the financial world in the last 50 years

The 1980s
3 Jan 1980 - Half of Britain's married women now work, the highest proportion of any Common Market country, a survey reveals
July 1980 - Redundancies rise to 40,000 a month as recession begins to bite
4 Feb 1981 - Government announces it will sell half the shares in British Aerospace - and begins the privatisation plan for nationalised industries by Mrs Thatcher's Conservative Government
26 January 1982 - Unemployment reaches three million in the UK - for the first time since the 1930s
February 1983 - Unemployment at a record 3.22 million
22 February 1985 - Pound falls to record low against dollar of $1.0765
27 October 1986 - Big Bang gets off to shaky start when the computer system fails for an hour because of the huge demand
December 1986 - Four million people apply for British Gas shares on privatisation December 1986 - Department of Trade launches probe into Guinness relating to takeover bid for Distillers
1 January 1987 - Peps introduced
19 October 1987 - Black Monday £50bn or 10% is wiped off the value of publicly-quoted companies in a tidal wave of selling
1988 - Bank of England announces decision that no more £1 notes to be issued and a coin to be used instead
April 1988 - Budget announces the end of double mortgage tax relief
1 July 1988 - Introduction of personal pensions
August 1988 - Doctors in row after insurance companies begin insisting that they carry out secret Aids tests
1 October 1989 - First Direct - the first phone bank opens its lines to the public for the first time. More than 1,000 calls were taken in the first 24 hours
26 October 1989 - Chancellor Nigel Lawson resigns in a policy row with the prime minister

The 1990s
1990 - Independent taxation for husbands and wives
14 February 1990 - Mortgage rates rise to 15.4%
31 March 1990 - Huge demonstration which ends in riot over Poll Tax. The tax is later dropped by the Tory government
1 January 1991 - Tessa introduced
12 August 1991 - Every job being chased by 22 people according to a survey as unemployment hits 2.35 million and increase of 45% in a year
16 September 1992 - Sterling leaves European Exchange Rate Mechanism and interest rates are raised twice in one day
3 February 1993 - According to Legal & General the value of a wife has amlmost double to £349 in the past 12 years - based on the value of a wife's work in the home
3 February 1993 - Plans outlined for the privatisation of British Rail
11 February 1993 - The Queen agrees to pay tax
1 February 1994 - Rover, the last British-owned car maker is sold to BMW of Germany
29th August 1994 - Larger shops allowed to open for six hours on a Sunday
19 November 1994 - National Lottery launched. The £15.8m jackpot is shared between seven punters
2 March 1995 - Nick Leeson, whose gambles in the derivatives market bankrupt Barings Bank, is arrested at Frankfurt airport
30 September 1995
- Fixed book prices are ended in Britain
April 1996 - Self Assessment introduced for the tax year 1996-97
1997 - £35bn building society demutualisation windfalls
May 1997 - Independence for Bank of England
May 1997 - The Nationwide Building Society's Online Banking website is launched - the first major financial institution to offer a web-based banking service in the UK
June 1997 - The first bank to offer current account services over the internet was Royal Bank of Scotland
2 July 1997 - Abolition of dividend tax credit
1999 - Miras (mortgage relief) abolished
25 February 1999 - Three directors leave Marks & Spencer after company issues profits warning
6 April 1999 - Isas introduced

The 2000s
15 June 2000 - C&A announces that it is closing all 109 UK stores
6 April 2001 - Stakeholder pensions introduced
1 January 2002 - euro becomes legal tender in the Eurozone countries

Check out what happened from the 50s to the 70s.


PAGE TOOL BOX
Send to a friend Send to a friend
Print now Print now
Related articles Related articles
HOTLINKS
   Join the Jubilee forum
   Technology timeline
   Buy jubilee souvenirs
   50 facts about Prince Philip
   Amazing facts about the Queen
   Musical memories
   News in 1952 and 1977
   Life in the 50s & 70s
   Vote in our polls on the Monarchy
   Picture galleries



  SITE MAP SERVICE STATUS HELP CONTACT US
© Tiscali 2008