Bankruptcy, bubbles and bailouts: The inside history of the Treasury since 1976

The Treasury is one of Britain’s oldest, most powerful and most secretive institutions. It has played a central role in shaping the country's economic system, yet all too often it has escaped public scrutiny.

The Treasury is often presented as a bedrock in times of crisis, rescuing the nation’s finances from posturing politicians and the combustions of world financial markets. However, there is another side to the story. Between the highs there have been many lows, from botched privatisatio...