Claim f12c3b1aChecked 09 Jul 2026
TrueOn the truth scale
“The pressure was extremely high.”
Interpreted ashyperbole
“The pressure was extremely high.”
Reasoning & Evidence09 Jul 2026
Historical sources on the 1980s City of London support Farage’s characterization. The London Museum describes the era’s new office culture as marked by “competition, rivalry, stress” and says financial deregulation sparked a boom in London’s financial industry. The Bank of England describes 1980s London trading floors as a “cacophony of capitalism,” with traders “frantically” darting between counterparties. A Guardian profile of the City also refers to the “ultra-competitive anything-goes culture” that emerged after Big Bang. Taken together, these sources support the claim that the pressure was extremely high, though the wording is subjective rather than measurable. Sources: London Museum (`https://www.londonmuseum.org.uk/collections/london-stories/office-life-1980s/`); Bank of England (`https://www.bankofengland.co.uk/-/media/boe/files/article/2014/what-do-you-think-about-when-you-think-about-a-market.pdf`); The Guardian (`https://www.theguardian.com/cities/2014/may/27/-sp-special-report-an-outsiders-guide-to-the-city-of-london`).
From article
Well, precisely. Precisely. And no accountability whatsoever. Life in the City in the Eighties was enormous fun, but were you accountable? Yes. If the transactions that you were involved in went wrong and you took big losses, you were out of the door. I’ve seen people asked to leave the office immediately.
And don’t tell me that we were earning a lot of money for doing nothing! When it was busy, my goodness me! it was busy. You can’t imagine the pressure.
Sources opened+ 51 search hits considered
| [1] | londonmuseum.org.uk |
| [2] | taylorfrancis.com |