Why was it called Black Wednesday?

Black Wednesday refers to September 16, 1992, when the value of the British pound collapsed. The government's attempts to stop the pound's slide were futile. Financier George Soros got much of the blame for "breaking the bank of England."

Why is it called Black Wednesday NHS?

Background. In 2009 Dr Foster Intelligence published a report showing a rise in mortality rates during the first week of August. This led to the British press coining the expression 'Black Wednesday', describing the first Wednesday of August as the 'NHS Killing Season'.

What is the meaning of Black Wednesday?

Black Wednesday, or the 1992 sterling crisis, was a financial crisis that occurred on 16 September 1992 when the UK Government was forced to withdraw sterling from the (first) European Exchange Rate Mechanism (ERM I), following a failed attempt to keep its exchange rate above the lower limit required for ERM ...

Why do doctors rotate on Wednesday?

In the United Kingdom, Black Wednesday is the first Wednesday of August when newly qualified doctors enter their first postgraduate positions in National Health Service (NHS) hospitals. It is also the day that most resident doctors rotate to different wards to begin new roles.

Why is Black Wednesday a thing?

What happened on Black Wednesday? Black Wednesday was on 16 September 1992, when the UK had to withdraw the pound from the European ERM.

The $7 Billion Trade That Broke Britain

What is the drunkest day of the year?

Blackout Wednesday. Blackout Wednesday (also known as Drinksgiving) refers to binge drinking on the night before the Thanksgiving holiday in the United States.

What caused Black Wednesday 1992?

On Black Wednesday, market confidence in the pound collapsed. Speculators, betting against the UK's ability to sustain an overvalued currency, began selling off the pound in massive volumes.

What caused the winter of discontent?

The unrest had deeper causes besides resentment of the caps on pay rises. Labour's internal divisions over its commitment to socialism, manifested in disputes over labour law reform and macroeconomic strategy during the 1960s and early 1970s, pitted constituency members against the party's establishment.

What time do doctors start their shift?

How long are the working hours for UK doctors? Hours of work can vary from speciality to speciality. Some may have straightforward hours of 9 am-5 pm, 8 am-4 pm, or 8 am-6 pm for the normal working day (NWD).

What caused the pound to drop?

The British pound has fallen by nearly 1% against the US dollar to its lowest since April after weak UK factory data and the continued momentum behind the “Trump trade”. A pound bought $1.24 on Thursday afternoon in London, its lowest level since 23 April 2024 (Shakespeare's alleged birth- and death day).

What happened in 1992 in the UK?

This year was the Ruby Jubilee of Queen Elizabeth II. This year is notable for a fourth-term general election victory for the Conservative Party; "Black Wednesday" (16 September), the suspension of the UK's membership of the European Exchange Rate Mechanism; and an annus horribilis for the Royal Family.

When did Blackout Wednesday start?

Blackout Wednesday has been trending on Google searches since 2004, particularly during the month of November, and there seems to have been an uptick in searches for it starting around 2010. Furthermore, it seems to be most popular around the Great Lakes region.

What day do new doctors start?

Every year, the first Wednesday of August brings a wave of change across NHS hospitals.

What does dark green mean in NHS uniform?

Healthcare Support Worker

Wear a dark green uniform. They help the nurses on the ward to give you the care you need whilst you are on a ward.

What is the July 1st syndrome?

The July effect, sometimes referred to as the July phenomenon, is a perceived but scientifically unfounded increase in the risk of medical errors and surgical complications that occurs in association with the time of year in which United States medical school graduates begin residencies.

Why did the pound crash in 2007?

2007-08 were the years of the global financial crisis, which began with the subprime mortgage crisis in the US. It's not so much that GBP had become strong in 2007, but that USD had drastically weakened. The effects of the crisis would hit the UK more severely the following year, including a market crash in January.

Who broke the British Pound?

George Soros is said to have "broken" the Bank of England and precipitated "Black Wednesday" in the U.K. in September 1992 as a result of massive bets he made against the British pound.

What happened in September 1992?

September 11: Hurricane Iniki hits Kauai Hawaii, killing 3 and injuring 8,000. September 12: Mae Jemison becomes the first African American woman to go into space, on board Endeavour STS-47.

What's the most common drinking age in the world?

The majority of countries have a minimum legal drinking age of 18. The most commonly known reason for the law behind the legal drinking age is the effect on the brain in adolescents. Since the brain is still maturing, alcohol can have a negative effect on the memory and long-term thinking.

What holiday has the most drinking and driving?

From 2018 to 2022, the deadliest week was the week of Labor Day, recording 1,278 DUI fatalities, or an annual average of 256 deaths. On New Year's Day, drunk driving-related deaths spiked 89% above the baseline average daily DUI fatalities, making it the most dangerous holiday of the year for drunk driving.

Which country drinks beer every day?

What holiday consumes the most alcohol?

What is the heaviest drinking night of the year?

Over the years, Blackout Wednesday has become a cultural phenomenon in the U.S., recognized as the heaviest drinking night of the year. Named after the slang term “blacking out” due to excessive drinking, this night often sees alcohol consumption levels that even surpass New Year's Eve.

Who created Blackout Tuesday?

Background. Blackout Tuesday stemmed off of the original initiative created by music executives Brianna Agyemang and Jamila Thomas, Senior Director of Marketing at Atlantic Records. Agyemang and Thomas have since noted that "These injustices we are facing in America are not limited to just our community.