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Book Back from the Brink: 1000 Days at Number 11


Back from the Brink: 1000 Days at Number 11

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    Available in PDF - DJVU Format | Back from the Brink: 1000 Days at Number 11.pdf | Language: ENGLISH
    Alistair Darling(Author)

    Book details

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 Labour.

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 It is also a vital historical document. heck of a good read. --Guardian...a balanced, thoughtful , sober account of arguably the greatest crisis of the 21st Century... --Mail on Sunday[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 --This text refers to the Paperback edition.

3.4 (9438)
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Book details

  • PDF | 337 pages
  • Alistair Darling(Author)
  • Atlantic Books; 1st edition (7 Sept. 2011)
  • English
  • 7
  • Biography

Read online or download a free book: Back from the Brink: 1000 Days at Number 11


Review Text

  • By wadeyaaa on 5 August 2017

    good read -

  • By Red Wine on 30 October 2011

    Alistair Darling provides a straightforward and readable digest of his time at number 11 in which he bares all about his experience of working with a difficult, indecisive and paranoid Gordon Brown. Darling comes across as a sober, if sometimes dull, politician whose heart appears to be in the right place and who is keen to do the right thing not just for his party but for people in general. He sets the record staight too about the inheritance he left behind and how Labour have failed to portray how well they dealt with the financial crisis of 2008 and its aftermath. A damn good read with much less of the hubris in evidence that you usually have to put up with from political memoirs.

  • By Rf And Tm Walters on 12 January 2012

    This account of Darling's time as Chancellor has the virtue of being comparatively short and well written.Darling is a level headed witness to the last three years or so of the Labour government which included the banking crisis, the recession and the implosion of the government. He does take time to point out the inconsistencies and unworldliness of the opposition who dreamed it was 1979 again. He also has some interesting sidelines on Blair and Brown.Darling has a good story to tell as it is clear that after the Northern Rock collapse he was well prepared for the problems of the US banks collapse and RBS. He demonstrates that he was able to handle the civil service properly and with authority. The response to the recession was hampered however by infighting with Gordon Brown. Darling seems to be level headed throughout, as was my memory of him from this time. Perhaps he was too level headed and should have left.One point that emerges is that Blair and Brown were obsessed with their detailed knowledge of the previous Wilson and Callaghan governments and their shortcoming. This meant that they avoided rows at all costs and were nervous about doing obvious things such as bank nationalization and higher tax rates because of the way that previous labour governments had been portrayed. They or rather Brown made his biggest mistake in abolishing the 10% rate though the mistake was probably not to realize and admit there was a mistake. Darling understands all this but ultimately he was not going to win any argument with his Prime Minister. The book will be a useful contribution to the eventual history of the period and an antidote to some of the stuff which has come out. There is one mistake in that Tommy Docherty is described as "late" when happily as I write he is still among us.

  • By Dan Smith on 26 December 2013

    As with all high-flying types there's a lot of jets, cars, planes, meetings and the rest of it; which, for anyone who has been part of that world, fills the heart with dread at the artificiality of it all as compared to what Joe Bloggs goes through in their ordinary lives.That said, Darling has quite a good eye for the interiors of No 10, No 11 etcetera and the juggling of space, photocopiers and assistants in the quest to provide the PM with the best fodder for policy.Back From The Brink is quite witty in parts and Darling would probably be a good dinner guest.Darling points the finger directly at the Icelandic banks, who pulled the strings; so that the Irish could cash it.RBS was propped up after the sharks had swam by for their final manoeuvre, and Darling did the right thing in saving this jewel in the crown for the British taxpayer.

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