Latest editorial
Boneheaded ex-PM Margaret Thatcher’s most senior official warned 29 years ago that her City free-for-all could mean a future financial collapse, newly released government papers revealed yesterday.
The notorious Tory ignored the accurate predictions of Cabinet secretary Sir Robert Armstrong and went ahead with her “Big Bang” that saw stock exchange regulations torn up in 1986.
In a private memorandum he set out a string of concerns months before she tore up City rules — an act linked directly to the 2008 collapse of the banking system.
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
Friedrich Merz’s call for a new Plaza Accord ignores how Washington’s 1985 currency ambush destroyed Japan without fixing US deficits — China, a sovereign socialist state with 1.4 billion consumers, cannot be bullied the same way, writes CARLOS MARTINEZ
![[Pic: Andrew Wiard]](https://morningstaronline.co.uk/sites/default/files/styles/desktop/public/2026-01/19860503_a_wiard_0003.jpg.webp?itok=mR5zV0nE)
The once beating heart of British journalism was undone by technological change, union battles and Murdoch’s 1986 Wapping coup – leaving London the only major capital without a press club, says TIM GOPSILL