'A compelling portrait of early 21st-century casino capitalism ...
essential reading.' - The Times On 13 September 2007, Robert Peston
broke the news that Northern Rock had become a victim of the global
credit crunch and was seeking an emergency loan from the Bank of
England. It was the latest in a long line of scoops by this
award-winning journalist. Over the weeks that followed, the
Government found itself exposed to the Rock to the tune of GBP57
billion, or almost GBP2000 for every taxpayer. As Robert Peston
shows in this fascinating book, the seeds for the collapse of
Northern Rock and the upheavals in the financial markets were sown
years before. Who Runs Britain? is the first time anyone has drawn
all the threads together to weave a story that's rich in
extraordinary characters and outrageous feats of economic bravado.
This book is about the widening gap between the super-rich and the
rest of us. It explores and explodes the myth that the financial
creativity of those who are amassing these vast fortunes is good
for the wider economy and for all of us. Whether you're a financial
expert or just have a bank account, Who Runs Britain? is a book you
must read.
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