William III

A foul-mouthed fantasist with a chin like an ironing board starts a wild conspiracy theory about the King’s brother. An alcoholic racing fanatic turns his gambler’s eye to the ballot box. A maniacal preacher gives such a polarising sermon that he paints himself as a second Christ and tours the country as a sex symbol. These are not the inventions of William Hogarth or Jonathan Swift; they are the figures who divided our political system in two, as George Owers tells us in his delightful new history of the birth of party politics. The Rage of Party traces the fevered rise of Whigs and Tories during the reigns of William

The England cricket team was once greeted at an Ashes test by an Australian banner with the immortal words ‘WOTHAM IS A BANKER’, the simple genius of the line being that you knew Wotham was being insulted before you had worked out quite who Wotham was, or what exactly he was being accused of. But, as Anne Murphy reminds us, the word ‘banker’ was not always just a word of abuse; it could also denote personal probity, sobriety, a certain nitpicking stolidity of thought, above all a preoccupation with credit and public confidence. It was not automatically oxymoronic to think of ‘virtuous bankers’. Amid all the financial crises of the