A compelling book that examines Gordon Brown's rise to power, his years as Chancellor, and his dramatic decision to give the Bank of England independence "An essential read for anyone who wants to properly understand political and economic policy developments over the past 15 years and enjoy some good insights about the future." Neil Kinnock, Vice President of the European Commission and former leader of the Labour Party. "For twenty years one of the most sceptical and authoritative voices on economic affairs in the British press." Robert Harris, best selling author. "A splendidly vivid account of the background, outlook and record of the most powerful Chancellor of modern times." Anthony Howard, biographer and political commentator. The economic policy of new Labour has been fundamental to its success. Gordon Brown has been at the very heart of new Labour's economic policy since the late 1980s and has been highly instrumental in convincing both the British public and the City that a Labour government can run the economy responsibly. He has generally been a popular and well-respected Chancellor - during his early years in office, he was highly praised for his prudence and yet now, well into the second term of office many of the issues on which the Blair government was elected, such as health and education, have not yet been satisfactorily addressed, and Gordon Brown is now being criticised for what many see as his imprudence in handling the nationâ??s finances. Examining how successful Labourâ??s economic policy has really been, when allowing for the good fortune of a world-wide economic boom, Keegan provides insights into the policies of new Labour, Gordon Brown's rise to power, the impact of his policies and how future policies might influence the economy. Written by a well-known and highly respected journalist who has been close to the heart of politics in Britain for many years, and who is thus able to offer an insiderâ??s view of how policy developed in both opposition and the Government Examines the professional relationships and private friction between Brown, other members of the Cabinet and the Bank of England Includes much previously unpublished material William Keegan is Associate Editor (since 1983) and Economics Editor (since 1977) of The Observer newspaper. A graduate of Trinity College, Cambridge, he has previously held posts with the Financial Times, Daily Mail and Bank of England Economic Intelligence Department. He has sat on a range of advisory committees, including the BBC Advisory Committee on Business and Industrial Affairs, the Employment Institute Council and the Department of Economics Advisory Board, University of Cambridge. He is visiting Professor of Journalism at Sheffield University and is the author of a variety of successful books.
Preface. Acknowledgements. Introduction. 1. A prudent background. 2. 1983—1987. 3. 1987—1992. 4. Labour and the ERM. 5. From Black Wednesday to the Granita restaurant. 6. From Granita to government: the advent of Mr Balls. 7. In central banks we trust. 8. Battle of the Titans. 9. The independent bank in action. 10. Gordon Brown’s Treasury. 11. Getting and spending. 12. ‘Euro-wars’. Conclusion — ‘It’s a long game’. Notes and references. Index.
“the most readable account of the evolution of his policies” (The Times 15/6/04) “..witty and humane analysis” (Peter Clarke, London Review of Books, 21st April 2005)
William Keegan is an Associate Editor senior columnist of the Observer newspaper. he is a well-Known and highly respected journalist who has been close to the heart of politics and economic policy in Britain for many years. He was previously with the Bank of England's Economic Intelligence Department and before that was Economics Correspondent of the Financial Times. He has sat on a range of advisory committees, including the BBC Advisory Committee on Business and Industrial Affairs, the Employment Institute Council and the Department of Applied Economics Advisory Board, University of Cambridge, He is Visiting Professor of Journalism at Sheffield University and a Governor of the the National Institute of Economic and Social Research. William Keegan is the author of many successful books, including 2066 and All that, The Spectre of Capitalism, Mrs Thatcher's Economic Experiment, Mr Lawson's Gamble and Britain Without Oil.
As a young activist Gordon Brown believed in social equality and the obligation of the Labour party to work towards this end. Yet in Government prudence has been his watchword. In this insightful biography William Keegan examines the long game being played by this complex strategist. "splendid" Roger Bootle, Sunday Telegraph "[An] extremely important book" The New Statesman "the best account of [Gordon Brown's] record" The Independent on Sunday "fascinating, perceptive... and well researched" Times Literary Supplement "a witty and humane analysis which untangles many knots." London Review of Books "A book... to save the Labour party. Michael Foot, The Observer. "He deploys [his] knowledge well in telling the story of Mr. Brown's rise to power" The Economist "we needed William Keegan's book." Edward Pearce, The Independent