Who Runs Britain? How Britain's new elite are changing our lives

Who Runs Britain? How Britain's new elite are changing our lives

by RobertPeston (Author)

Synopsis

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 57 billion or almost 2000 for every taxpayer. As Robert Peston shows in his fascinating new book, the seeds for the collapse of Northern Rock and the upheavals in the financial markets were sown years before. WHO RUNSBRITAIN? is the first time anyone has drawn all the threads together to weave a story thats 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 youre a financial expert or just have a bank account, WHO RUNS BRITAIN? is a book you must read.

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More Information

Format: Hardcover
Pages: 352
Edition: First Edition
Publisher: Hodder & Stoughton General
Published: 07 Feb 2008

ISBN 10: 0340839422
ISBN 13: 9780340839423

Media Reviews
'A compelling portrait of early 21st century casino capitalism...essential reading.' -- Howard Davies The Times 20080202 'This lucid and timely guide to the world of turbo-capitalism...absorbing book, essential reading for anyone who wants to know how the British economy now operates.' -- Peter Wilby Guardian 20080202 'A devastating account of Blair's producer capture by high finance...Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours.' -- Simon Jenkins The Sunday Times 20080202 'Fluent, incredibly up to the minute look at Britain...Peston, in relaxed, conversational; style is a great travelling companion along the highways of finance.' -- Observer 20080202 'starkly lucid...Reading Peston's book, you can only be flabbergasted all over again at how Labour kowtowed to wealth, glorified the City and put the nations economic eggs into one dangerous basket of fizzy finance.' -- Polly Toynbee Guardian 20080202 'Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown' -- Financial Times 20080216 'engaging' -- Harry Mount Telegraph 20080216
Author Bio
Robert Peston is an award-winning journalist, author and broadcaster. He has been the BBCs Business Editor since February 2006.