Economists laud UK health ahead of Black Monday anniversary

Research from Halifax Financial Services suggests since the day almost 20 years when world stock markets plummeted – known as Black Monday – UK stocks have climbed by 223%. Black Monday, 20 years ago this Friday, saw the FTSE 100 fall by 11% - wiping billions of pounds from the London stock market – in a single day. But Martin Ellis, chief economist at Halifax Financial Services, says the UK economy has proven its strength and resolve ever since. “While the 1987 stock market crash was clearly one of the major events for financial markets and economies during the 20th century, the strong ...