Chancellors

Regular price €19.99
2008 financial crash
A01=Howard Davies
Age Group_Uncategorized
Age Group_Uncategorized
Alistair Darling
Author_Howard Davies
automatic-update
Bank of England
Brexit
British politics
Category1=Non-Fiction
Category=KCP
Chancellor of the Exchequer
Chancellors
COP=United Kingdom
Delivery_Delivery within 10-20 working days
economic policy
economics
eq_business-finance-law
eq_isMigrated=2
eq_non-fiction
Exchequer
finance
financial crisis
financial policy
fiscal policy
George Osborne
Gordon Brown
interest rates
Language_English
PA=Available
Philip Hammond
political economics
Price_€10 to €20
PS=Active
public policy
Rishi Sunak
Sajid Javid
Scottish referendum
softlaunch
Treasury
UK economic policy
Whitehall

Product details

  • ISBN 9781509549542
  • Weight: 340g
  • Dimensions: 137 x 216mm
  • Publication Date: 27 May 2022
  • Publisher: John Wiley and Sons Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
  • Language: English
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When the Treasury lost control of interest rates to the Bank of England in 1997, its status looked under threat. However, it quickly reasserted its power by dominating policymaking across Whitehall and diminishing other ministries in the process. It also successfully fought off attempts by Prime Ministers, from Blair to Johnson, to cut it down to size.

In this fascinating insider account, based on in-depth interviews with the Chancellors and key senior officials, Howard Davies shows how the past twenty-five years have nonetheless been a roller-coaster ride for the Treasury. Heavily criticized for its response to the global financial crisis, and for the rigours of the austerity programme, it also ran into political controversy through its role in the Scottish referendum and the Brexit debate. The Treasury’s dire predictions of the impact of Brexit have not been borne out. Redemption of a kind, though a costly one, came from its muscular response to the COVID crisis.

Anyone with an interest in economic policymaking, in the UK and elsewhere, will find this a valuable and entertaining account.

Howard Davies is Chairman of the NatWest Group and a Professor at Sciences Po, Paris.