Ten years on… Millions still paying the price of Northern Rock collapse: How the financial crisis robbed pensioners of half of their income

‘Pensioners are retiring on HALF the income they would have got before the financial crisis struck ten years ago, a major Money Mail report today reveals.
On this day in 2007, it transpired that Northern Rock had sought emergency funding from the Bank of England, sparking the first run on a bank for more than a century, with panicked customers queuing for hours to get their cash out.
It precipitated a chain of events that flung Britain into a financial turmoil so bad that we are still suffering the aftershocks ten years on.
Today a series of investigations by Money Mail lays bare the devastating effect this has had on households.’
Read more: Ten years on… Millions still paying the price of Northern Rock collapse: How the financial crisis robbed pensioners of half of their income