Research topic: Offshore Finance in the Twilight of the British Empire, 1922-1984
Supervisor: Ben Jackson
My thesis analyses British government responses to the evolution of cross-jurisdictional tax and regulatory arbitrage from the end of the First World War to the dawn of the neoliberal era. It problematizes existing conceptions of a “financial empire” centred on the City of London, by scrutinizing the constitutional and commercial relationships between Britain and her overseas territories. It reconstructs the institutional and ideological influences, operating at the domestic and international levels, which shaped British external economic policy. It points to competing bureaucratic objectives, informational lag, and regulatory path dependence as primary factors in explaining the emergence of the offshore economy.