On 26 October 1986, the British government enacted a sweeping deregulation of financial markets in a momentous event known as the "Big Bang," abolishing traditional barriers and manual trading practices in London’s financial sector.
This landmark reform introduced electronic trading, encouraging competition and innovation that attracted global investors to London and reshaped it into a premier financial capital.
However, while this deregulation spurred rapid economic growth, it also contributed to a significant rise in income inequality, as the benefits of financial expansion were largely concentrated among elite financiers, exacerbating socioeconomic divides within the United Kingdom.
