Wednesday, March 9th, 2016

Worcs President Lord King Of Lothbury Launches New Book At University

Worcestershire CCC president Lord King of Lothbury will participate in the Worcester launch of his new book 'The End of Alchemy: Money, Banking and the Future of the Global Economy' at the University of Worcester Arena in Hylton Road on March 16.

Lord King will launch his book before attending Worcestershire CCC's Annual General Meeting in the Hick Pavilion at 7pm on the same day.

Worcestershire County Cricket Club and Worcestershire Cricket Board Ltd are currently working with the University to create an exciting new inclusive cricket centre immediately adjacent to the University of Worcester Arena.

In addition to questions on banking and economic matters, Lord King will be pleased to answer questions relating to cricketing participation and facilities.

In his book, Lord King argues for fundamental changes to the financial system in order to reduce the risk of a new crisis.

Lord King was Governor of the Bank of England from 2003 to 2013. He is currently Professor of Economics and Law at New York University and School Professor of Economics at the London School of Economics.

Widely credited with helping Britain avoid the worst effects of the financial crisis, Lord King was appointed a life peer in 2013 and appointed by HM The Queen as a Knight of the Garter in 2014.

In The End of Alchemy: Money, Banking and the Future of the Global Economy, he proposes new concepts to answer the questions ‘are money and banking a form of Alchemy? or are they the Achilles’ heel of a modern capitalist economy?’.

He will explain why this is a crisis not just of banking and economic policy-making, but also of ideas.

In addition to Lord King’s long and illustrious career in finance, he is a long term supporter and patron of Worcestershire County Cricket Club.

President of the Club in its 150th Anniversary Year, Lord King has an extensive record of promoting inclusion and participation in cricket.

He is President of the ‘Chance to Shine’ foundation, which has helped reverse the decline in cricket in state schools and brought cricket to two million more boys and girls over the past 10 years, including tens of thousands of young people in inner- city areas.

‘Chance to Shine’ uses the game to increase aspiration, promote social cohesion and create opportunities, working with all 39 Cricket Boards, including Worcestershire.