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Evening Standard
Evening Standard
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OPINION - Bank bailouts and market turmoil – welcome to the end of cheap money

Everything was better in the past. Football peaked in the late-1990s, music in the early-2000s. For you, the decade may differ but the pervading sense remains that culture reaches its zenith between the age of 10 and 16.

But then came the long 2010s – roughly early 2009 to late 2022 – also known as the era of zero, or near-zero, interest rates. It wasn’t necessarily a time of plenty – in the UK there was austerity, low growth and idle productivity.

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