As Chancellor John Healey stands at the Dispatch Box today, likely unveiling yet another Budget that hikes taxes and worsens our national debt, he might do well to remember the milestone that the City of London has just marked.
Forty years ago, a regulatory earthquake shattered the clubby confines of the Square Mile – and unleashed a boom in wealth the likes of which our country had not seen for years.
On October 27, 1986, what the financial press had christened ‘the Big Bang’ pulled Britain’s stagnant financial sector out of its postwar doldrums, thrusting it into the crosshairs of global competition
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