In 2008 the Financial crisis caused a lot of choas around the globe. There were many reasons for this crisis. In England, I think that there were two major parties who were to blame. These were the bankers bosses and the Government.
The banks were taking big risks to get more money. They were lending too much money and people could not pay this back. They were also awarding some staff extra pay for decisions that were not sensible.
The Government is supposed to supervise all banks through the Bank of England. The Government did not have strict enough rules or enough supervisors to prevent the crisis from happening.