Bankruptcy, Bubbles and Bailouts : The Inside History of the Treasury Since 1976 / Aeron Davis.

Format:

Book

Author/Creator:

Davis, Aeron, author.

Series:

Manchester capitalism.

Manchester Capitalism Series

Language:

English

Subjects (All):

Great Britain. Treasury--History.

Great Britain.

Great Britain--Economic policy--History.

Great Britain--Politics and government.

Physical Description:

1 online resource

Edition:

First edition.

Place of Publication:

Manchester : Manchester University Press, [2022]

Language Note:

In English.

Summary:

The Treasury is one of Britain's oldest, most powerful and secretive institutions, one that has played a central role in shaping the country's economic system. But all too often it has escaped public scrutiny when it comes to investigating the ups and downs of the UK economy. When portrayed, it is usually as a bedrock of government stability in times of crisis, repeatedly rescuing the nation's finances from the hands of posturing politicians and the combustions of world financial markets. However, there is another side to the story. In between the highs there have been many lows, from botched privatizations to dubious private finance initiatives, from failing to spot the great financial crisis to facilitating ever-growing inequalities.Davis's book goes behind the scenes to offer an inside history of the Treasury, in the words of the chancellors, advisors and civil servants themselves. It shows the shortcomings as well as the successes, the personalities and the thinking which have shaped Britain's economy since the mid-1970s. Based on interviews with over fifty key figures, it offers a fascinating, alternative insight on how and why the UK economy came to function as it does today, and why reform is long overdue.

Contents:

Front Matter

Contents

Acknowledgements

Introduction

1 Creative destruction and the road to nowhere

2 Financialization not neoliberalism

3 Pseudo-Keynesianism, debt and magic money trees

4 Visions of empire and globalization

5 The great financial crash and the great failed paradigm shift

6 Austerity, spin and the road to Brexit

7 Brexit and COVID postscript

Conclusion

List of interviewees and their Treasury-linked positions

Abbreviations

Notes

Index

Notes:

Includes index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 06. Mrz 2024)

Description based on print version record.

ISBN:

9781526159762

1526159767

9781526159786

1526159783

OCLC:

1425555954