Abstract
This paper seeks to understand whether the global financial crisis — and the subsequent, alleged, crisis of the City of London — is likely to modify the relationship between the industrial and the financial components of the British capitalist elite and put an end to British ‘exceptionalism’. I argue that the crisis mostly impacted on the labour force of the British and global financial sector and produced a restructuring that consolidated and enhanced the political economy relevance of the City of London. By no means did the crisis resut in a decrease of the hegemonic power of the City of London. Instead, it confirmed its capacity to influence the decisionmaking process of the British government in favour of its preferences.
Published Version
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