Despite what Big Bang destroyed, there’s still nowhere quite like the City

As the 30th anniversary of Big Bang loomed, I found myself back at the scene of my City demise. Ebbgate House — headquarters of BZW, the investment banking arm of Barclays where I worked until one fateful morning in 1992 — fell deservedly to the wrecking ball a decade ago. It was replaced by Riverbank House, and there I was last week, hovering above where my desk used to be, talking about ‘why no one listens to the City any more’ and reliving the P45 moment that released me into the happier world of journalism.

Personal echoes apart, this was also a moment to revisit Big Bang, the Thatcherite reforms launched on 27 October 1986 that allowed banks such as Barclays to buy stock-exchange firms, create BZW and its ilk, and compete against Wall Street’s giants. Arguably, Big Bang cemented for London the pre-eminent place in the financial world that Brexit negotiators must now seek to defend.