Outbreak

In the days leading up to Britain’s declaration of war, conditions in the financial sector became increasingly jittery.  Interest rates rose from 3% to 10%.  The London Stock Exchange was shut down after close of business on 30th July.  It would not reopen for another six months.

The government and banks were forced to take decisive action. Emergency measures were passed which were to have significant consequences for the constituent companies of Lloyds Banking Group.

Records from the archive capture the drama and upheaval of those early days.

Follow the links below to find out more.