Close
Enter your search into one or more of the boxes below:
You can refine your search by selecting from any of the options below:
Search
Back from the Brink: 1000 Days at Number 11
Foyalty 29
Back from the Brink: 1000 Days at Number 11 (Paperback)
Order now for Free delivery in the UK for orders over £10 or choose Express Delivery to receive in 2 business days. More on delivery...
Order Options
List Price
Online Price
Save
Availability
Delivery:

To home, business or free to our stores. Click for more info.

List Price: £9.99
Online Price: £7.29
Save: 27%
Despatched in 2 business days.
Click & Collect:

Order now to collect from 7pm today. In stock items only. Click for more info.

List Price: £9.99
Online Price: £8.99
Save: 10%
In stock in 1 or more stores

Product Synopsis

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 GBP37bn 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.

More books by Alistair Darling

Customer Reviews

This paperback was first published in 2012 with an updated, new introduction. There can be no excuse, therefore, on page 59 for describing Standard life as "Europe's biggest mutual insurer". After a great deal of acrimony, Standard Life demutualised in July 2006 and is now a big cuddly shareholder-owned insurer like all the others - although better than many to be absolutely fair. Nor on page 146 did I enjoy reading about the Nationwide Building Society that: "The Nationwide is, in effect, the lender of last resort for all of Britain's Building Societies because of its sheer size and influence." When the crash hit, Nationwide was close to the maximum limit allowed by law for Building Societies to participate in wholesale markets. If liquidity had not dried up, it would have supported moves to increase that limit. That gives no credit to Yorkshire Building Society for its rescue of three Building Society franchises that failed during the crash. It was the members, largely the saving members, of the original Nationwide and YBS proprietary franchises who bankrolled the rescues. All the building societies had access to the special liquidity scheme of the Bank of England on the same terms as the banks but the FSCS payments bore unfairly on them. Those two lacunae aside, the book was a good narrative account which I bought because I felt Alistair Darling was rather done down by the response to how he caught and ran with the ball tossed at him by Gordon Brown. Page 325 contains a good timeline of the key events against which the account should be judged as it highlights the politics at each stage. The book is far too polite to the now-departed leaders of the FSA and might have given more of the benefit of the doubt to Mervyn King. Alistair Darling could also have given himself more credit for the Special Administration Regime to resolve investment and deposit banks, in the light of Lehman, announced after he left office. I do not regret the purchase price and in a few years' time, I will doubtless take it down off the bookshelf and read it again.

- 17/09/2012
Report this Review
Leave Review

Delivery

Please note for the New & Used Marketplace different terms and conditions apply.

Delivery Options

All delivery times quoted are the average, and cannot be guaranteed. These should be added to the availability message time, to determine when the goods will arrive. During checkout we will give you a cumulative estimated date for delivery.

Location1st BookEach additional bookAverage Delivery Time
UK Second ClassAvailable free for orders over £10* or £2.50Available free for orders over £10* or £1.003-7 Days
UK First Class£4.50£1.001-2 Days
UK Courier£7.00£1.001-2 Days
Western Europe** Courier£17.00£3.002-3 Days
Western Europe** Airmail£5.00£1.504-14 Days
USA / Canada Courier£20.00£3.002-4 Days
USA / Canada Airmail£7.00£3.004-14 Days
Rest of World Courier£22.50£3.003-6 Days
Rest of World Airmail£8.00£3.007-21 Days

* Available free for orders over £10 = When offered a delivery preference choose 'For Cheapest Postage' for our freepost in the UK offer. This is not available on the 'For Faster Delivery' option.

** Includes Austria, Belgium, Denmark, France, Germany, Greece, Iceland, Irish Republic, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and Switzerland.

Delivery Help & FAQs

Returns Information

If you are not completely satisfied with your purchase*, you may return it to us in its original condition with in 30 days of receiving your delivery or collection notification email for a refund. Except for damaged items or delivery issues the cost of return postage is borne by the buyer. Your statutory rights are not affected.

* For Exclusions and terms on damaged or delivery issues see Returns Help & FAQs

You might also like

Corruption in the Bank of England: ...
(Paperback)
Colin Perry
 
£30.00
£30.00
 
British and German Banking Strategies
(Hardback)
Sven Janssen
 
£80.00
£62.40
22%
Encyclopedia of Banking, Finance and...
(Paperback)
Sailesh Mehta
 
£39.99
£35.99
10%
Latest Blog
The best fiction of 2014
15/12/2014

Many at Foyles feel that 2014 been a very good year for fiction and our customers seem to agree, with big leaps in sales in all our branches. Our web editor, Jonathan Ruppin, looks at why this might be, selects his top titles and explains why Dutch novelist Peter Buwalda's Bonita Avenue is his book of the year.

Making failure into an art
09/12/2014

You've probably heard of the writer Franz Kafka; but what about Hans Kafka? No? Well, there's a reason for that...

The noir prophet returns
01/12/2014

George Hamilton-Jones, from our Charing Cross Road shop, celebrates the return of William Gibson with The Peripheral, which should delight fans of his early futuristic works, such as Neuromancer.

View all Blog Entries
Twitter
Show/Hide Tweets
© W&G Foyle Ltd