Inside Britain’s financial revolution

Since the 1970s, the world economy has been characterised by a process of financialisation. Britain has played a key role in this trend by helping to create a financialised global order and establishing the City of London as a central hub. But why did the UK choose to propel this process? Drawing on a new book, Jack Copley explains why the emergence of financialisation in the UK is best understood as an accidental outcome rather than as the product of a coherent neoliberal ideology.