The City must prepare for an
(World News UK)

IN 1553, London merchants funded a naval expedition to China via the North East passage. It got trapped in the ice in Russia’s White Sea and was forced to travel overland to Moscow where Ivan the Terrible granted it exclusive trading rights. The group returned to London to set up the Muscovy Company. This became the model for future trading ventures in Africa, the Levant, Canada, the East Indies, Virginia and the Caribbean. In less than 100 years, the UK became the most outward trading nation in the world. London was transformed from a small European trading centre into a global...