Menu
10/10/2008
Prime Minister Calls For A 'Global Solution'
Prime Minister Gordon Brown is urging world government's for a "global solution" to the current financial crisis.
In an article in The Times newspaper, Mr Brown called for other countries to put money into ailing banks.
Mr Brown wrote: "The old solutions of yesterday will not serve us well for the challenges of today and tomorrow. So we must leave behind outworn dogmas and embrace new solutions."
He said policies in each country "will need to be suited to its particular circumstances".
Mr Brown said he would never have imagined he would have to offer to part-nationalise Britain's banks but said "these new times require new ideas".
Despite the multi-million pound bail-outs in Britain and the US, Japan's Nikkei index plunged more than 10% in early trading and the Dow Jones closed at its lowest level for five years.
It comes as Chancellor Alistair Darling is in Washington to meet other finance ministers and central bankers from the G7 group of richest nations.
(CD/JM)
In an article in The Times newspaper, Mr Brown called for other countries to put money into ailing banks.
Mr Brown wrote: "The old solutions of yesterday will not serve us well for the challenges of today and tomorrow. So we must leave behind outworn dogmas and embrace new solutions."
He said policies in each country "will need to be suited to its particular circumstances".
Mr Brown said he would never have imagined he would have to offer to part-nationalise Britain's banks but said "these new times require new ideas".
Despite the multi-million pound bail-outs in Britain and the US, Japan's Nikkei index plunged more than 10% in early trading and the Dow Jones closed at its lowest level for five years.
It comes as Chancellor Alistair Darling is in Washington to meet other finance ministers and central bankers from the G7 group of richest nations.
(CD/JM)
Related UK National News Stories
Click here for the latest headlines.
12 February 2014
New Measures Announced To Help Communities Hit By Floods
Prime Minister David Cameron has announced a comprehensive package of new measures to help hard-working homes, businesses and farmers hit by the floods. Mr Cameron paid a visit to Dawlish to speak to the workers and view the damaged coastal railway line.
New Measures Announced To Help Communities Hit By Floods
Prime Minister David Cameron has announced a comprehensive package of new measures to help hard-working homes, businesses and farmers hit by the floods. Mr Cameron paid a visit to Dawlish to speak to the workers and view the damaged coastal railway line.
10 October 2008
Brown Threatens Legal Action As Icelandic Banks Collapse
Britain and Iceland are in a diplomatic spat over the collapse of Reykjavik's banking system. UK local authorities could face a loss of more than £1 billion invested in Icelandic banks which have collapsed. Mr Brown has threatened legal action to recover the lost deposits of people who hold accounts with IceSave.
Brown Threatens Legal Action As Icelandic Banks Collapse
Britain and Iceland are in a diplomatic spat over the collapse of Reykjavik's banking system. UK local authorities could face a loss of more than £1 billion invested in Icelandic banks which have collapsed. Mr Brown has threatened legal action to recover the lost deposits of people who hold accounts with IceSave.
12 May 2008
Can Queen's Speech 'Save' Brown
Gordon Brown is expected to use this week's Queen's Speech programme to try to reclaim the political initiative after last week's disastrous showing for Labour in the local council elections. He is setting out his draft for the autumn with promises of new measures on schools and health.
Can Queen's Speech 'Save' Brown
Gordon Brown is expected to use this week's Queen's Speech programme to try to reclaim the political initiative after last week's disastrous showing for Labour in the local council elections. He is setting out his draft for the autumn with promises of new measures on schools and health.
27 June 2007
Brown becomes Britain's Prime Minister
Gordon Brown has arrived at No 10 Downing Street after being asked to lead a new government as Britain's Prime Minister following his meeting with the Queen in Buckingham Palace. Standing outside No 10 with his wife Sarah, Mr Brown said that he accepted the Queen's invitation to form a new government and pledged to "try my utmost" in his new role.
Brown becomes Britain's Prime Minister
Gordon Brown has arrived at No 10 Downing Street after being asked to lead a new government as Britain's Prime Minister following his meeting with the Queen in Buckingham Palace. Standing outside No 10 with his wife Sarah, Mr Brown said that he accepted the Queen's invitation to form a new government and pledged to "try my utmost" in his new role.
01 April 2008
British Troop Withdrawal From Iraq 'Unlikely'
The Defence Secretary Des Browne is expected to tell the Commons that there are currently no plans to reduce the number of British troops in Iraq. Ambitious plans to decrease the number of soldiers from 4,100 may have been withdrawn, sparked by recent fighting in Basra, the BBC has reported.
British Troop Withdrawal From Iraq 'Unlikely'
The Defence Secretary Des Browne is expected to tell the Commons that there are currently no plans to reduce the number of British troops in Iraq. Ambitious plans to decrease the number of soldiers from 4,100 may have been withdrawn, sparked by recent fighting in Basra, the BBC has reported.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
