Other People’s money
Rise and fall of London-born brothers over seven decades is the untold story of post-war Britain told through the lives of the two men who helped shape it: Sir David Barclay and Sir Frederick Barclay who pioneered their use of debt other people’s money in raising funds from banks and finding ways to manage loan structures and tax losses to their advantage. When they faced political opposition to the highly leveraged £750m takeover of the Imperial Continental Gas Association in 1986, they also learnt a lesson that friends in Whitehall are useful. Their close relations with senior Conservatives and a … Continue reading Other People’s money
