For instance, the impact of NETA and the wholesale prices created something of a Crisis in the Generation of electricity, affecting not only British Energy but a number of other companies.

As hon. Members will know, the UK economy is recovering from the biggest financial Crisis in Generations.

I confirm that we are facing extraordinarily challenging economic conditions, but the economy is recovering from the most damaging financial Crisis in Generations after a decade of growth built on unsustainable levels of debt.

My Lords, the UK economy is recovering from the most damaging financial Crisis in Generations.

As confirmed by the independent OBR, the UK economy is still recovering from the biggest financial Crisis in Generations, one of the deepest recessions suffered by any major economy and a decade of hollow growth built on unsustainable debt levels.

As confirmed by the OBR, the UK economy is still recovering from the biggest financial Crisis in Generations, one of the deepest recessions of any major economy, and a decade of growth built on unsustainable debt levels.

Our economy is recovering from the most damaging financial Crisis in Generations after a decade of growth built on debt.

The UK economy is recovering from the most damaging economic and financial Crisis in Generations.

The UK economy is recovering from the biggest financial Crisis in Generations.

The UK economy is still recovering from the most damaging financial Crisis in Generations.

The context is of course that the economy is recovering from the biggest financial Crisis in Generations and, while bank finance is important - most of my response will be on bank finance and the specific points made - sometimes too much focus in the UK is put on it, as opposed to other sources of finance.

In the aftermath of the most severe economic Crisis in Generations, the IT industry, in which I work, got hit very hard.

In 2008, the UK was hit by the most damaging financial Crisis in Generations.

However, given the magnitude of the task they faced in responding to a once-in-a-Generation Crisis, we found that they performed well.

A significant part of the problem is caused by the war in Syria, which is the worst humanitarian Crisis of Our Generation.