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Friday, December 19, 2025

UK could face ‘banking crisis worse than 2008’ if City fails to prepare for fossil fuel collapse

The UK could suffer 500,000 job losses and be forced to spend £674bn of taxpayer cash to rescue its banks and ensure financial stability, unless the City prepares for the value of fossil fuels to collapse as a result of climate crisis regulations, research shows. The report, published by a …

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