When Britain Went Bust The 1976 Imf Crisis Richard Roberts by Richard Roberts 9780992934996, 0992934990 instant download after payment.

THE 1976 SAGA BRITAIN’S IMF CRISIS 40 YEARS ON The pound is in free fall. The government is divided. Foreign creditors are clamouring for tough action. The chancellor of the exchequer is under pressure from competing party loyalties. The balance of payments seems out of control. Welcome to the world of 1976 when James Callaghan’s government had to resort to the IMF to prevent disaster. Richard Roberts’ fast-paced account unveils the intricacies and intrigues of a watershed in British and international economic history – a chronicle displaying similarities to Britain’s predicament after the vote to leave the European Union. ‘This excellent book is both accurate and perceptive – a much needed, unmatched historical analysis. Roberts gives a clear account of how Jim Callaghan presided over an exhaustive democratic debate in Cabinet over the IMF package and every possible avenue was explored before, not before time, he sided with Denis Healey.’ Lord (David) Owen, Foreign Secretary (1977-79) ‘Professor Roberts has made an interesting and timely contribution to the literature on the 1976 sterling crisis. But he has done more – showing how it stemmed in part from the 1944 Bretton Woods agreements and in part from the policies governments generally – not just the British Government – adopted on the basis they laid down.’ Sir Douglas Wass, Permanent Secretary of the Treasury (1974-83) ‘Richard Roberts is our foremost economic historian. His book should be compulsory reading for Treasury and Bank of England officials. But you do not have to be an economist to enjoy merely interested in why Britain is where it is.’