'Worst financial crisis in human history': Bank boss's warning as pound suffers biggest fall for 37 years

Daily Mail:
Britain's economic output slid 0.5 per cent - more than twice the decline expected by the City;

• Markets tumbled around the world, with leading UK shares losing almost £50billion;

• Sterling had its worst-ever week against the dollar since 1971 and hit a record low against the euro;

• The oil cartel Opec cut production, a move likely to increase petrol prices up to 5p a litre;

• Experts warned that hedge funds are facing disaster, with billions likely to be wiped off savings and pension funds;

• Hundreds of jobs were axed in the insurance, cosmetics, haulage and textile industries.