Back from the Brink: 1000 Days at Number 11 - Softcover

Darling, Alistair

Softcover

ISBN 10: 0857892819 ISBN 13: 9780857892812

Publisher: Atlantic Books, 2012

Synopsis

Alistair Darling's long-awaited book will be one of the most reviewed, widely discussed, and saleable political memoirs of recent years. In the late summer of 2007, shares of Northern Rock went into free-fall, causing a run on the bank - the first in over 150 years. Northern Rock proved to be only the first. Twelve months later, as the world was engulfed in the worst banking crisis for more than a century, one of its largest banks, RBS, came within hours of collapse. Back from the Brink tells the gripping story of Alistair Darling's one thousand days in Number 11 Downing Street. As Chancellor, he had to avert the collapse of RBS hours before the cash machines would have ceased to function; at the eleventh hour, he stopped Barclays from acquiring Lehman Brothers in order to protect UK taxpayers; he used anti-terror legislation to stop Icelandic banks from withdrawing funds from Britain. From crisis talks in Washington, to dramatic meetings with the titans of international banking, to dealing with the massive political and economic fallout in the UK, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few. His book is also a candid account of life in the Downing Street pressure cooker and his relationship with Gordon Brown during the last years of New Labor. Back from the Brink is a vivid and immediate depiction of the British government's handling of an unprecedented global financial catastrophe. Alistair Darling's knowledge and understanding provide a unique perspective on the events that rocked international capitalism. It is also a vital historical document.

About this title

About the Author

Alistair Darling is the Member of Parliament for Edinburgh South West. Initially appointed as Chief Secretary to the Treasury in 1997, he moved to become Secretary of State for Work and Pensions in 1998. He spent another four years as Secretary of State for Transport, also becoming Secretary of State for Scotland in 2003. He served as Secretary of State for Trade and Industry in 2006, before Gordon Brown promoted him to Chancellor in 2007

Review

[Alistair Darling] writes compellingly about the market meltdown and ensuing recession, spicing the narrative with a droll wit and acidic observations about the "arrogant and stupid" bank chiefs. If this story has been told before, it is still informative to have the scary view from the edge of the precipice as Britain teeters on the brink of a complete collapse of its banks. * Observer * ...a balanced, thoughtful, sober account of arguably the greatest crisis of the 21st Century... * Mail on Sunday * ...one heck of a good read. * Guardian *

About this edition

• Publisher: Atlantic Books
• Publication date: 2012
• ISBN 10: 0857892819
• ISBN 13: 9780857892812
• Binding: Paperback
• Number of pages: 342