8 May 1984: The Queen opens the Thames Barrier

On this day in 1984, the Queen pressed the button to set the newly built Thames Barrier in motion, and it has been protecting London from flooding ever since.

Queen Elizabeth II officially opens the Thames Flood Barrier
(Image credit: John Shelley Collection/Avalon/Getty Images)

The Tower of London, the Houses of Parliament, St Paul's Cathedral, pretty much all of London within a stone's throw of the river, would regularly be under water if it wasn't for the Thames Barrier and that's more true now than when it was first built.

It was predicated that a major flood in the capital would cause up to £3bn of damage, as well as kill around 100,000 people. So, in August 1972, the Thames Barrier Act received royal assent, providing for a barrier to be built across the Thames to protect London against flooding. It would be designed by Rendel, Palmer and Tritton and the cost of building the barrier was estimated at £315m in today's money.

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Chris Carter
Wealth Editor, MoneyWeek