Gordon Brown to publish personal account of global financial crisis

Gordon Brown is to publish his much-anticipated account of the global financial crisis in November, it was confirmed today.

Publishers Simon & Schuster said that the former prime minister's book would 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".

It will also set out the measures that Mr Brown believes are needed to enable the world to regain financial stability.

All Mr Brown's profits from the book, which does not have a title as yet, will be donated to charities associated with the Brown family. Simon & Schuster would not comment on how much the deal was worth.

Mr Brown said: "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."

Simon & Schuster's UK managing director and chief executive Ian Chapman acknowledged that Mr Brown's book would be controversial, but said that it represented "a most exciting global publishing opportunity".

"In what will be an important and controversial book, 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."