Life

Gordon Brown writing book on financial crisis

27.07.2010
The former UK prime minister Gordon Brown is writing a book about the global financial crisis and its aftermath, the publisher Simon & Schuster has said.

The book is due for release in November this year.

According to Simon & Schuster, the book will “offer insight into the events that led to the fiscal downward spiral and the reactions of world leaders as they took steps to avoid further disaster”.

“The book will also offer measures Brown believes the world should adopt to regain fiscal stability. Long admired for his grasp of economic issues, Brown’s book will be a work of paramount interest during these uncertain financial times,” the publisher added.

“We now live in a world of global trade, global financial flows, global movements of people and instant global communications. Our economies are connected as never before, and I believe that global economic problems require global solutions and global institutions. In writing my analysis of the financial crisis, I wanted to help explain how we got here, but more importantly to offer some recommendations as to how the next stage of globalisation can be managed so that the economy works for people and not the other way around,” Brown said.

Simon & Schuster UK managing director and CEO Ian Chapman said the company was “very pleased and privileged” to be publishing Brown’s book.

He said the book would be both “important” and “controversial”.

“With clarity and insight, Gordon Brown provides an intimate account of the financial and political events as they unfolded, whilst vigorously putting forward solutions to the problems that still affect the world today. This is a most exciting global publishing opportunity,” Chapman added.

Brown’s wife Sarah is also writing a book about her life at Downing Street, which is due for publication for Mother's Day 2011.

Brown’s predecessor at 10 Downing Street, Tony Blair, is also due to publish his memoirs this year, with a September release date scheduled.