This conference will address a major debate in modern British history - the relationship between the political system and the financial sector, the institutions of the City of London. This debate has become highly polarised, with financial, economic, political and social historians each producing different, and often conflicting, conclusions about the significance of the relationship. Have successive governments, of all parties, been in thrall of the City? Has economic policy been subordinated to the City's interests? Has the Bank of England prevailed over the Treasury? Is the City to be judged a success, given its importance as a global financial centre - or has it contributed to Britain's economic decline?
The conference will bring together the various historical perspectives, with the aim of clarifying the character and significance of the relationships between the worlds of politics, government, and finance. Attention will be given both to broad themes and to major episodes during the 20th century. The conference aims are described at
The organisers are Professor Ranald Michie and Dr Philip Williamson of the University of Durham. The conference will be held in Durham in September 2001.
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