Robert Peston - How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity - Hodder & Stoughton
Available Formats
  • Paperback £8.99
    More information
    • ISBN:9781444757125
    • Publication date:11 Apr 2013
  • E-Book £P.O.R.
    More information
    • ISBN:9781444757118
    • Publication date:27 Sep 2012

How Do We Fix This Mess? The Economic Price of Having it all, and the Route to Lasting Prosperity

By Robert Peston

  • Hardback
  • £20.00

In Robert Peston's new book he explains in his characteristically straightforward way how the world got itself into the current economic mess - and how we might get out of it.

'How do we fix this mess? I don't know. But don't stop reading now. Perhaps if we have a clearer understanding of what went wrong, we'll have a better idea of what needs to be done. This book is a map of what needs to be fixed.'

The record-breaking unbroken 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 US 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 west was the moment when we realised we had borrowed more than we could afford to repay.

So who got it wrong? Bankers, investors and regulators? And were they greedy, stupid or asleep? What was the role of government? And what part did we, as consumers, play in all this?

How do we get through this difficult period of transition to a more sustainable economy, one based on investment and exports, rather than on borrowing and consumption? With the same probing lucidity he brought to WHO RUNS BRITAIN?, Robert Peston takes us step-by-step towards a common sense way to fix this mess.

  • Other details

  • ISBN: 9781444757095
  • Publication date: 27 Sep 2012
  • Page count: 480
Biographical Notes

Robert Peston is the BBC's Business Editor. Prior to joining the BBC, he was Political Editor and Financial Editor of the Financial Times, City Editor of the Sunday Telegraph and a columnist for the New Statesman and Sunday Times (inter alia). He has won numerous awards for his journalism, including Journalist of the Year and Scoop of the Year (twice) from the Royal Television Society, Performer of the Year from the Broadcasting Press Guild, Broadcaster of the Year and Journalist of the Year from the Wincott Foundation and Business Journalist of the Year from the London Press Club. Peston has published two critically acclaimed books, WHO RUNS BRITAIN?, his best-selling account of who is to blame for the economic and financial crisis of 2007-9, and BROWN'S BRITAIN, a biography of Gordon Brown and analysis of the New Labour government. His prize-winning blog - Peston's Picks - which has more than 800,000 readers, can be found at www.bbc.co.uk/robertpeston. He is the founder of Speakers for Schools (www.speakers4schools.org), a pro bono educational service which organises free talks from inspirational speakers for students at state schools. He is a trustee of the Education and Employers Taskforce. He is married to the writer Si?n Busby. You can follow Robert on twitter at www.Twitter.com/Peston

Robert Peston's compelling account of global financial meltdown is a must-read... His discursive, conversational but entrancingly fact-studded trip around the disaster zone ought to be mandatory reading for anyone who wants to have a voice in where we go from here. — Observer
HOW DO WE FIX THIS MESS? is the book of the film and more... brought to life by war stories from the BBC, simple analogies and colourful language... he does know how to elucidate apparently impenetrable issues, and he guides us intelligently and entertainingly... readable and thought-provoking. — Financial Times
Robert Peston is not so much a journalist as a phenomenon... And now he has managed to fit in a book... that displays his gargantuan appetite for facts, numbers and economic and financial history... Peston's range is dazzling.... Peston is a BBC treasure - one of the journalists who justify the licence fee. If, every few years, he needs to breathe out and write a long book, we should encourage it. As they used to say in the pre-Twitter age, he knows his stuff. — New Statesman
compelling reading. — Observer - Chris Mullin
Reads like a wildly implausible financial thriller. — Independent
Lucid explanations... stark analysis of what the financial meltdown means for us... Peston's book is actually scarier than most descriptions I've read of the crisis. It goes way beyond Wall Street and City greed in its scope. — Evening Standard
He is good on the follies of the bankers... He is also good on the detail. Anybody who wants to know what a collateralised debt obligation or a credit default swap is will find it here. — Sunday Times
Essential reading... an excellent expose of the financial crisis. — Sunday Telegraph
Brilliant. I now understand everything. — Giles Coren
Robert Peston was the voice of the financial crisis, just as Terry Wogan will forever be the voice of the Eurovision Song Contest. Vocal tics and all, he's now an official national treasure. — Spectator
Mr Peston, an award-winning print journalist before he became the Business Editor of the BBC, has many strengths. Chief among these are his sources and a terrier-like determination to get the story. Mr Peston passionately articulates why everyone should be frustrated with the banking sector--and financial globalisation more generally. For a tale of how the British banks blew up, readers will find juicy details. — Economist
Robert Peston's great book on the world financial crash... 400 information-packed pages... If Mr Peston has a lesson for us, it is that until we fix the banking system, we will have achieved nothing. — Irish Independent
'The author charts the past 20 years of steady economic growth and consequent bust, lucidly explaining the shortcomings of the banking system and the effects of globalisation, before returning to the present state of the UK, all invitingly.' — Sunday Telegraph
Praise for WHO RUNS BRITAIN? — .
A compelling portrait of early 21st century casino capitalism...essential reading. — Howard Davies The Times
This lucid and timely guide to the world of turbo-capitalism...absorbing book, essential reading for anyone who wants to know how the British economy now operates. — Peter Wilby, Guardian
A devastating account of Blair's producer capture by high finance...Peston navigates with ease the shark-infested waters of hedge funds, sub-prime borrowing, defined-benefit pensions and loans for honours. — Simon Jenkins, The Sunday Times
Fluent, incredibly up to the minute look at Britain...Peston, in relaxed, conversational; style is a great travelling companion along the highways of finance. — Observer
starkly lucid...Reading Peston's book, you can only be flabbergasted all over again at how Labour kowtowed to wealth, glorified the City and put the nations economic eggs into one dangerous basket of fizzy finance. — Polly Toynbee Guardian
'Peston catches the zeitgeist of Britain and the paradox that is Gordon Brown' — Financial Times
'engaging' — Harry Mount Telegraph
Robert Peston is very lucid on some of the biggest issues of the day. I thoroughly recommend it. — Scotland on Sunday
We are unfortunately still in the middle of this crisis. But at least we will have Robert Peston to give us that famous 'first draft of history' provided by excellent reporting. — Business Economist

Robert Peston

Robert Peston is the BBC's Business Editor. Prior to joining the BBC, he was Political Editor and Financial Editor of the Financial Times, City Editor of the Sunday Telegraph and a columnist for the New Statesman and Sunday Times (inter alia). He has won numerous awards for his journalism, including Journalist of the Year and Scoop of the Year (twice) from the Royal Television Society, Performer of the Year from the Broadcasting Press Guild, Broadcaster of the Year and Journalist of the Year from the Wincott Foundation and Business Journalist of the Year from the London Press Club. Peston has published two critically acclaimed books, WHO RUNS BRITAIN?, his best-selling account of who is to blame for the economic and financial crisis of 2007-9, and BROWN'S BRITAIN, a biography of Gordon Brown and analysis of the New Labour government. His prize-winning blog - Peston's Picks - which has more than 800,000 readers, can be found at www.bbc.co.uk/robertpeston. He is the founder of Speakers for Schools (www.speakers4schools.org), a pro bono educational service which organises free talks from inspirational speakers for students at state schools. He is a trustee of the Education and Employers Taskforce. He is married to the writer Si?n Busby. You can follow Robert on twitter at www.Twitter.com/Peston

Hodder Paperbacks

Who Runs Britain?

Robert Peston

On 13 September 2007, Robert Peston broke the news that Northern Rock had become a victim of the global credit crunch and was seeking an emergency loan from the Bank of England. It was the latest in a long line of scoops by this award-winning journalist. Over the weeks that followed, the Government found itself exposed to the Rock to the tune of 57 billion, or almost ?2000 for every taxpayer.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 financial expert or just have a bank account, WHO RUNS BRITAIN? is a book you must read.

Chapter One

COME SUNDAY, by Isla Morley

Read the first chapter of Isla Morley's COME SUNDAY.

A blog by Robert Peston

How Do We Fix This Mess?

Hodder author and BBC Business Editor, Robert Peston, blogs about the lessons we can learn from his new book, HOW DO WE FIX THIS MESS?

Hodder & Stoughton

The Lost Continent

Gavin Hewitt

In THE LOST CONTINENT BBC Europe Editor Gavin Hewitt tells the story of a flawed dream, a noble vision that turned dangerous, and which led Europe into its gravest crisis since World War Two - a crisis for which it was totally unprepared.A pillar of the post-war European dream was a shared currency, and with it came easy money, seducing some countries into a wild spending binge. After the financial crash in the United States, Europe caught the cold and was left with a debt crisis that came to threaten the entire European project. THE LOST CONTINENT is rich in anecdote, weaving together the stories of ordinary people with the high politics and drama of Europe in crisis to give an unparalleled and vivid portrait of a massive shift in modern history. It includes interviews with top officials and insiders, and dramatic accounts of key meetings. Gavin Hewitt's THE LOST CONTINENT is a clear-eyed book by a distinguished and well-connected journalist which tells the astonishing story of how we got here and where we might be headed.

@Peston

Follow Robert Peston on Twitter

For updates straight from the author.

Robert Peston interview in the Evening Standard

Robert Peston ... life in the eye of a perfect storm

Talking to Alison Roberts about his latest book HOW DO WE FIX THIS MESS?

Hodder & Stoughton

When 'Spiritual but Not Religious' is Not Enough

Lillian Daniel

People find it comfortable and convenient to create their own version of God-but can they really face the God who created them?The phrase "I'm spiritual, but not religious has been used so much as a blanket statement of faith that it has become a clich?. Some users have been damaged by particular traditions; others cannot settle for just one. Often "religious people" - especially if they are open-minded and progressive themselves - don't know how to respond.Lillian Daniel answes the dilemma with real, compelling stories of what a life of faith can truly be: odd, wondrous, God-soaked and worth trying. Here are people looking for God in the midst of everyday life, unashamed to be "religious" in the full and wonderful sense of the word. Private "spiritual life" keeps people self-focused and vague, depriving them of centuries of careful religious thought, current debate, and most importantly, a community of support. It is not remarkable to see God in sunsets and mountaintops; what is remarkable is to find God in the midst of fallible human beings.When "Spiritual but Not Religious" is Not Enough is the book for people who want to find God in nature and in other weird places: prison, airports, yoga classes, committee meetings, and even the weirdest of all places, the local church.

Reading Group Guide

HANDLE WITH CARE by Jodi Picoult

Reading group guide to use alongside Jodi Picoult's HANDLE WITH CARE.

The bestselling author writes about the experience

Robyn Young spends World Book Day 2011 visiting the printers

Author Robyn Young celebrated World Book Day by taking a trip to our bookprinters, Clays.

Hodder Paperbacks

Tenacious

Julian Stockwin

Thomas Paine Kydd is in Halifax enjoying the recognition and favour of his fellow officers when Tenacious is summoned to join Horatio Nelson's taskforce on an urgent reconnaissance mission. Intelligence suggests the French Revolution is about to set the Mediterranean ablaze, but Bonaparte's fleet is nowhere to be found. Nelson and his 'Band of Brothers' begin a desperate search for him.Kydd's newfound ambition fuels his desire to be at the forefront of the hunt. But with power comes responsibility; with responsibility, accountability. Kydd will face his greatest challenge ever amidst bloodstained seas. And defeat will mean humiliation - or death.

Blog

Visit Robert's Personal Blog

Visit Robert Peston's prize-winning BBC blog, in which he analyses, discusses, and explains the issues in business that matter to us all.

Coronet

The Patriot

Nigel Tranter

In 1678, Scotland liesunder the dark threat of union with England. In an era of intrigue and bloodshed, Andrew Fletcher, laird of Saltoun, stands out as a man of ideals and integrity. His fearless and dogged opposition to the Treaty becomes a thirty-year campaign fought in Europe as well as his native Scotland. His eventual defeat is the defeat of a hero and of a cause so dear to his people that his name is glorified in Scottish history.'Through his imaginative dialogue, he provides a voice for Scotland's heroes' Scotland on Sunday

Hodder & Stoughton

Every Good Endeavour

Timothy Keller
Hodder & Stoughton

100 Ways to Simplify Your Life

Joyce Meyer

Many want a simple life, but find it difficult to actually live that way. They fight a constant battle to balance work, family, friends, and other demands on schedules stretched too thin. Joyce Meyer breaks it down to the simple principle of exercising faith rather than doubt and confidence rather than people-pleasing. She writes from her experience of struggling to balance work, family, friends, and all the other demands on limited time to show readers the simple answer to a simpler life.Joyce gives these and other practical and easy to implement ideas for finding real joy:· Live to glorify God · Let go of what lies behind · Choose your battles · Don't be afraid of what people think · Trust God to change other people · Live with margin · Don't be so hard on yourself · Stop doing things you don't do well · Remember that God is for you.Joyce reminds readers that the Bible is full of examples of God's provision and His instruction to focus on one day at a time. She encourages readers to set themselves free by realizing they don't have to do, fix, or manage everything. By embracing the fact that God is on their side they will be encouraged that he will help find a way to live a simple life.

Sceptre

Just My Typo

Drummond Moir

From the sublime to the ridiculous, Just My Typo is a hilarious collection of typographical errors, slips of the pen and embarrassing misprints which, like any typo of any kind, should never have happened, cannot be excused, and must not in any way be glorified. Enjoy.You'll travel back in time to meet great figures from history: Sir Francis Drake (who circumcised the world in a small ship), Queen Victoria (who pissed graciously over the Menai Bridge), and Rambo (the famous French poet). You'll find moral instruction ('Blessed are the meek, for they shall irrigate the earth') and pearls of wisdom ('love is just a passing fanny'). You'll be outraged by politicians who exploit disasters to boost their pubic profiles; entranced by lambs that gamble in the fields; concerned for a man who was admitted to hospital suffering from severe buns; and appalled to meet 11-year-old twins Helen and Ugh.

Chapter One

A MOST WANTED MAN, by John le Carré

Read the first chapter of John le Carré's A MOST WANTED MAN.

Sceptre

number9dream

David Mitchell

As Eiji Miyake's twentieth birthday nears, he sets out for the seething metropolis of Tokyo to find the father he has never met. There, he begins a thrilling, whirlwind journey where dreams, memories and reality collide then diverge as Eiji is caught up in a feverish succession of encounters by turn bizarre, hilarious and shockingly dangerous. But until Eiji has fallen in love and exorcised his childhood demons, the belonging he craves will remain, tantalizingly, just beyond his grasp...

Hodder Paperbacks

Hunt For The Bear

Derek Haas

When he takes a contract, death follows.Notorious hitman Columbus is known in the trade as a silver bear: an expert assassin who earns top fees because he never defaults on a contract.Columbus believes himself immune to the pressures of his chosen life. But after a mission to take out a prominent mark on the streets of Paris, suddenly Columbus finds himself in a new position - as a target.Taut, intense, and action-packed, HUNT FOR THE BEAR is a cinematic thriller for fans of Robert Ludlum and Lee Child, and stars the same lead character as Haas's tense and disturbing debut thriller THE SILVER BEAR.

Hodder Paperbacks

After Evil

Jane Carter Woodrow

Everything seemed perfect in Neil Jackson's childhood until one day, on a cold January morning in 1976...He was awoken by the police knocking on the door to break the shocking news that his mother had become the second victim of a serial killer - soon to become known as the 'Yorkshire Ripper'.This evil act exposed a web of secrets and lies that was to devastate Neil and change his life forever.Jane Carter Woodrow, an experienced criminologist, discovers what happens when the camera and the lurid headlines fade away. Neil's riveting story captures the real nature of the tragedy that murder can visit on a family and shows how incredibly he pieced his life back together after becoming one of the forgotten victims of Britain's most notorious serial killer.