Thanks Bonfire.
The UK managed to bail out RBS at the time of the financial crisis. The sums were huge, but most people in the UK didn't even notice.
That's because people didn't really have any money to begin with.
The £ has devalued by 25% since RBS. That is before this latest Brexit fiasco.
Inflation has been higher than Bank interest.
Even the Brits beloved property has only risen by around 16% in the last ten years, less than inflation, and that despite being supported by supply control and low interest. As the Gov of the BofE keeps warning, it could be in for a big drop.
Basically you are living on debt life support. In the last decade your private debt to GDP ratio has risen from 160% to 190%. And apparently we had a crisis 10 years ago.
Maybe you didn't notice, but I have.