The 1980s financial revolution placed the UK at the vanguard of neoliberal free market reforms and is celebrated on the Right as a high point in capitalism. Usually, it is understood as the inevitable outcome of New Right ideas, global economic shifts, new technologies and free-flowing capital. Using archival sources and in-depth interviews, this book brings to life the people and processes involved in the making of the financial revolution. 'Survival Capitalism' and the Big Bang demonstrates the high stakes for capitalist institutions, and unfolding responses to existential threats and opportunities. It offers insights into struggles and alternative possibilities and shows just how contingent outcomes were. Financial reforms are associated with the Thatcher government's supply side reforms. However, this volume shows how the Government's quest for autonomy and monetary credibility, when faced with problems of selling debt, impacted the stock market mechanism. It exposes the macroeconomic concerns which drove reforms in parallel with microeconomic drivers.

This focus affirms that international capital and new technologies were not merely catalysts for change; they were harnessed by the nation state to support the domestic agenda. By restoring intent to this history, 'Survival Capitalism' offers new perspectives on Thatcherism and its legacies. The focus on people and processes de-mystifies the perception of the 'inevitable' march of market forces and explains the survival of the cultures of capitalism.