Black Wednesday
Black Wednesday. A shop in Nottingham in the week sterling left the Exchange Rate Mechanism. Base rate went to 12%, then 15%, and back again before the day…
Fifteen per cent. By lunchtime.
A shop in Nottingham in the week sterling left the Exchange Rate Mechanism. Base rate went to 12%, then 15%, and back again before the day was out. Your overdraft is on base plus five.
- Starts
- September 1992
- Length
- 18 months
- Difficulty
- Hard
- Scored on
- Still trading at the end
- Business
- Independent Retail
Related scenarios
- The Winter of Discontent: Rubbish in the streets. Beer in the cellar.
- The Superstore Opens: Free parking. Open till eight.
- Eighteen Months to the Crash: Eyeballs now. Profits later.
- October 2008: The phone stops. That is the whole thing.