How the City of London lost at Brexit
A Historical Perspective
Bibliographic Data
| ID | 2159746 |
|---|---|
| Authors | Helen Thompson (0000-0001-5366-3172, University of Cambridge, corresponding author) |
| Year | 2017 |
| Volume | 46 |
| Issue | 2 |
| Pages | 211-228 |
| Publication date | 2017-04-03 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Economy and Society (JOURNAL) |
| Journal identifiers | ISSN: 0308-5147 • E-ISSN: 1469-5766 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03085147.2017.1359916 |
| OpenAlex | W2745949510 |
| Language | EN |
| Citations received | 22 |
| References cited | 17 |
The nature of the City of London as an offshore financial centre has long made London dependent on the British state providing protection from external political regulation, even as London’s foreign currency business separated its interests from British governments’ economic policy preoccupations. Since the 2008 crash and the onset of the eurozone crisis, London has faced threats to both its autonomy from external regulatory demands and to its offshore business interests at the same time as the long-standing external statecraft of British governments around EU membership has broken down. The Cameron governments’ efforts to protect the City within the European Union under political conditions that were transformed by the eurozone crisis exposed the limits of Britain’s position as a member of the European Union. When David Cameron then tried to resolve the problem of EU membership through a referendum he made it extremely difficult to defend the City’s broader commercial interests in the Single European Market because freedom of movement issues weighed significantly more in British domestic politics than financial services
Brexit · Currency · Economics · Economy · European integration · European union · Financial crisis · International trade · Political economy · Political science · Political union · Politics · Referendum · Single market · Housing, Finance, and Neoliberalism · Law · Political and Economic history of UK and US · State Capitalism and Financial Governance · Finance
London’s stock exchange ten years after Brexit
Popular pressure, mock compliance or leadership as distraction
The City and Financial Services
Post-Brexit Leadership in European Finance
Breaking blame
The limits of differentiation
The Vast and Unsolved Enigma of Power”
The Political Economy of Brexit and the Future of British Capitalism First Symposium
Resilience in the City of London
Brexit, the City and the Contingent Power of Finance
Brexit and the Politics of UK Growth Models
The emerging geography of European financial centres
Brexit for finance? Structural interdependence as a source of financial political power within UK-EU withdrawal negotiations
Uncovering the City of London Corporation
Taking back control of the welfare state
From Big Bang to Brexit
Rule maker or rule taker? Brexit, finance and UK regulatory autonomy
Differentiated de-Europeanisation
European Integration and the Politics of Economic Ideas
Business power, right-wing populism, and noisy politics
The distinctiveness of state capitalism in Britain
Constructing and contesting City of London power
Capitalism Divided
New Labour's Faustian Pact
The state, the City and the Euromarkets
Anglo-American development, the Euromarkets, and the deeper origins of neoliberal deregulation
Financial Centre and Monetary Outsider
The British Conservative government and the European Exchange Rate Mechanism, 1979–1994
Territory and power in the United Kingdom
The Origins of the Eurodollar Market in London
Money, Oil and Empire in the Middle East
The Discipline of the New Democracy
The City and EMU
| Citations per year | 2.44 |
|---|---|
| Citation span | 2017 - 2026 (10) |
| Highly cited | No |