Month: October 1986

1986-10-27: Big Bang Day

The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures, including abolition of fixed commission charges and of the distinction between stockjobbers and stockbrokers on the London Stock Exchangeand change from open-outcry to electronic, screen-based trading, enacted by the United Kingdom government in 1986. […] The effects of Big Bang were dramatic, with London’s place as a financial capital… Continue reading 1986-10-27: Big Bang Day

1986-10-26: British Conservative Jeffrey Archer Resigns

One of Coghlan’s clients, in September 1986, was Jeffrey Archer, then the Conservative Party‘s Deputy Chairman, whom she met in Shepherd Market, Mayfair. Aziz Kurtha, an Indian businessman, sold the story of Archer seeing a prostitute to a tabloid newspaper. On 24 October 1986, the News of the World filmed and audiotaped Michael Stacpoole, a representative of Jeffrey Archer, giving Coghlan… Continue reading 1986-10-26: British Conservative Jeffrey Archer Resigns