Sir Douglas Wass spent the main working part of his life as a senior civil servant in the Treasury, which he joined in 1946 after War service. His experience ranged over all aspects of the Treasury and he represented the UK in both the International Monetary Fund and the World Bank. He was the Private Secretary to two Chancellors and to the Chief Secretary. In 1981 he was appointed Joint Head of the Civil Service. After retirement he gave the Reith Lectures on how the system of representative government works in the UK.

...this volume breaks new ground...exceptionally detailed account as to how economic policy developed between 1974 and 1976...a number of aspects of Wass's account are significant and surprising...

• Glossary ; Preface ; 1. Setting the Scene "The Railway Timetables" ; 2. Marking Time ; 3. Policy Changes ; 4. The Markets Take Over ; 5. The Crisis Resolved ; 6. Some Conclusions

Sir Douglas Wass spent the main working part of his life as a senior civil servant in the Treasury, which he joined in 1946 after War service. His experience ranged over all aspects of the Treasury and he represented the UK in both the International Monetary Fund and the World Bank. He was the Private Secretary to two Chancellors and to the Chief Secretary. In 1981 he was appointed Joint Head of the Civil Service. After retirement he gave the Reith Lectures on how the system of representative government works in the UK.

...this volume breaks new ground...exceptionally detailed account as to how economic policy developed between 1974 and 1976...a number of aspects of Wass's account are significant and surprising...

• Glossary ; Preface ; 1. Setting the Scene "The Railway Timetables" ; 2. Marking Time ; 3. Policy Changes ; 4. The Markets Take Over ; 5. The Crisis Resolved ; 6. Some Conclusions

Sir Douglas Wass spent the main working part of his life as a senior civil servant in the Treasury, which he joined in 1946 after War service. His experience ranged over all aspects of the Treasury and he represented the UK in both the International Monetary Fund and the World Bank. He was the Private Secretary to two Chancellors and to the Chief Secretary. In 1981 he was appointed Joint Head of the Civil Service. After retirement he gave the Reith Lectures on how the system of representative government works in the UK.

...this volume breaks new ground...exceptionally detailed account as to how economic policy developed between 1974 and 1976...a number of aspects of Wass's account are significant and surprising...

• Glossary ; Preface ; 1. Setting the Scene "The Railway Timetables" ; 2. Marking Time ; 3. Policy Changes ; 4. The Markets Take Over ; 5. The Crisis Resolved ; 6. Some Conclusions