The Government has a “bold and far-reaching” £50 billion plan to rejuvenate the banking system. Read more…
Government pledges stability
The Government will be the “rock of stability” amid the global financial turbulence, Gordon Brown said today following the injection of £37 billion into Britain’s troubled banks.
Addressing journalists at a Downing Street news conference with Chancellor Alistair Darling, the PM said that the action the Government was taking was “unprecedented but essential”. Later, in a speech at the Reuters’ building in Canary Wharf, Mr Brown said that inaction would have constituted a “failure of leadership”.






