
This Book Provides The First Comprehensive And Authoritative Account Of The Events Leading Up To The Uk Seeking A Massive Loan From The Imf In 1976 Which Almost Precipitated A Financial Crisis On A Par With Those Of The 1930's And Early Post War Period. Sir Douglas Wass, Who Was Permanent Secretary To The Treasury At The Time, Provides A Unique First Hand Account Of The Events That Took Place As The Crisis Unfolded And The Decision-making Process. Bringing Unrivalled Experience And Knowledge Of Whitehall To The Narrative, He Draws On Recently Released Documents Such As Official Treasury Minutes, Memoranda, Official Statements And Reports, Imf Documents And Blends Them With His Own Assessment Of This Key Period Of Policy Making To Provide A Fascinating, Blow-by-blow Account Of How The Treasury Reacted When Faced With A Series Of Inter-locking Crises. Decline To Fall Will Be A Must Read For Anyone Interested In The Formulation Of Policy And The Workings Of Government.
This book investigates the internal decision-making processes and economic pressures that forced the United Kingdom to seek a massive loan from the International Monetary Fund in 1976. Sir Douglas Wass, serving as the Permanent Secretary to the Treasury during this period, utilizes his direct involvement and access to restricted government archives to reconstruct the crisis. He argues that the event represented a critical juncture in post-war British economic policy, requiring a complex navigation of interlocking financial failures. The narrative framework combines personal memoir with a rigorous analysis of official memoranda and Treasury minutes to explain how the government managed the threat of a systemic collapse.
What You Will Find
Scope Limits
Experts and historians recognize this work as a primary source document due to the author's high-level position within the British government at the time of the crisis. Readers frequently note the technical density of the prose, which provides a detailed look at the mechanics of Whitehall policy formulation.
Page Count:
400
Publication Date:
2008-01-01
Publisher:
Oxford University Press, Incorporated
ISBN-10:
0191538639
ISBN-13:
9780191538636
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