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Re-Placing Money: The Evolution of Branch Banking in Britain

Author

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  • D J Pratt

    (Geography Department, University of Southampton, Highfield, Southampton S017 1BJ, England)

Abstract

Despite the prominence of London in the international financial system the majority of citizens and small and medium-sized enterprises in the United Kingdom have always been reliant on the domestic banking system for their finance. In this paper the author looks at the production and reproduction of financial space in the United Kingdom through an examination of the development of the domestic banking system. Over the past 250 years progressive changes in the banking system, from the formation of joint-stock blanks to the implementation of credit-scoring techniques, have stretched and reshaped the space across which banks have operated. This ‘financial distanciation’, it is argued, is set to accelerate in the 1990s and increase the ‘spatial reflexivity’ between the international, national, and regional financial systems. It is suggested that in the context of heightened domestic and international financial competition the increasing centralisation of lending control in the UK banking system risks marginalising some sections of society and placing local economic communities at an international disadvantage.

Suggested Citation

  • D J Pratt, 1998. "Re-Placing Money: The Evolution of Branch Banking in Britain," Environment and Planning A, , vol. 30(12), pages 2211-2226, December.
    • Handle: RePEc:sae:envira:v:30:y:1998:i:12:p:2211-2226
    DOI: 10.1068/a302211
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    References listed on IDEAS

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    1. Michael Moran, 1991. "The Politics of the Financial Services Revolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37789-9, September.
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    Cited by:

    1. Ron Boschma & Matté Hartog, 2014. "Merger and Acquisition Activity as Driver of Spatial Clustering: The Spatial Evolution of the Dutch Banking Industry, 1850–1993," Economic Geography, Taylor & Francis Journals, vol. 90(3), pages 247-266, July.
    2. Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2018. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Journal of Financial Stability, Elsevier, vol. 38(C), pages 53-70.
    3. Neill Marshall & Stuart Dawley & Andy Pike & Jane Pollard & Mike Coombes, 2019. "An evolutionary perspective on the British banking crisis," Journal of Economic Geography, Oxford University Press, vol. 19(5), pages 1143-1167.

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