All of that history is a backdrop to the financial trends of the past decade, to which I now turn. the British governments of the day.
He writes: ‘At almost every point at which banking and monetary policy might have been used constructively to promote economic growth, the authorities either made the wrong decision or took no action at all.’ See Cameron, R. (1967), (ed.) Banking in the Early Stages of Industrialization: A Study in Comparative Economic History, Oxford University Press, New York, p. 58.