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 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...
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 y...
The BBC's business editor explains in his characteristically straightforward way how the world got itself into the current economic mess and offers a map of what needs to be fixed, in order that we might get out of itThe record-breaking growth between 1992 and 2008 wasn't the economic miracle that it seemed. It was based on a number of dangerous illusions most notably that it didn't matter that the UK and U.S. year after year consumed more than they earned. But we couldn't go on increasing our indebtedness forever. The financial crash of 2007/8 and the subsequent economic slump in much of the...
The BBC's business editor explains in his characteristically straightforward way how the world got itself into the current economic mess and offers a ...
London, 2007. It's summer in the City: the economy is booming, profits are up and the stock market sits near record highs.
But journalist Gil Peck is a lone voice worrying it can't last. Deep in the plumbing of the financial system, he has noticed strange things happening which could threaten the whole economy. But nobody wants to hear it: not the politicians taking credit for an end to boom and bust, not the bankers pocketing vast bonuses, not even Gil's bosses at the BBC, who think it's irrelevant.
When Gil gets a tip-off that a small northern bank has run out of...
London, 2007. It's summer in the City: the economy is booming, profits are up and the stock market sits near record highs.
