With Alistair Darling’s book about to be published, people are already getting excited by his revelations about the depth of tensions between the former chancellor and the Brown/Balls axis. He confirms the old story that Brown tried to sack him, only to be left frustrated.
Here is the Labour Uncut scoop. (Apparently the Sunday Times have paid for the serialisation, so they may be a tad unhappy).
But there is also a very interesting passage where he admits his low regard for Sir Mervyn King, governor of the Bank of England. Much of the tension between the two men revolved around King’s warnings that bank bailouts would encourage “moral hazard” and cause a repeat of the banking bubble in the future. Darling’s preoccupation was simply to get through the credit crunch with the financial system intact. Here is the relevant quote:
He is similarly scathing about the governor of the bank of England, Mervyn King, who is lambasted as “amazingly stubborn and exasperating”.
The former chancellor confirms how close the government came to not renewing King for a second term in 2008 – the first time a governor