Collect your divvies
Ferdinand Mount: Safe as the Bank of England, 15 June 2023
Virtuous Bankers: A Day in the Life of the 18th-Century Bank of England
by Anne Murphy.
Princeton, 275 pp., £30, May,978 0 691 19474 5 Show More
by Anne Murphy.
Princeton, 275 pp., £30, May,
“... coming to the rescue of a government unable to finance its costly foreign wars. Indeed, Sir John Clapham, at the opening of his magisterial 1944 history of the bank, speculates that ‘had the country not been at war in 1694, the government would hardly have been disposed to offer a favourable charter to a corporation which proposed to lend it ... ”