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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)
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12 May 2008
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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.
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
