Back from the Brink
by Alistair DarlingEstimated delivery 4-14 business days
Format Paperback
Condition Brand New
Description Alistair Darling's number one Sunday Times bestselling memoirs now available in paperback updated with a new introduction.
In the summer of late 2007, shares of Northern Rock went into free-fall causing a run on the bank - the first since the Great Depression. Northern Rock was only the first: in the ensuing months, Alistair Darling stood firm in the eye of this perfect storm - all over the world financial institutions thought 'too big to fail' were falling prey to the lethal toxicity of the US sub-prime mortgage market; Back from the Brink tells the gripping story of one thousand days of crisis. As Chancellor, Alistair Darling sanctioned the 37 billion pound bailouts of RBS and HBoS just minutes before their cash machines would have ceased to function; at the 11th hour, he prevented Barclay's from acquiring Lehman Brothers, telling US Treasury Secretary Hank Paulson that he wouldn't allow British banks to import America's economic cancer; he used controversial legislation to stop Icelandic banks from withdrawing funds from the UK.
From all night meetings at the White House, to confrontations with the titans of international banking and fractions relations with Gordon Brown, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few.
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.
- ISBN 0857892819
- ISBN-13 9780857892812
- Title Back from the Brink
- Author Alistair Darling
- Format Paperback
- Year 2012
- Pages 368
- Edition Main
- Publisher Atlantic Books
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