UK pledges continued action on financial crisis

LONDON (AP) -- Britain's treasury chief Alistair Darling says that the government is prepared to take further action as necessary to help financial markets and stabilize the economy.

Darling says that he will do "whatever it takes" to make sure that depositors are secure and that the banking system has sufficient liquidity.

His comments follow announcements on Friday that the compensation limit for consumer bank deposits has been increased and that the Bank of England is extending its money market operations to improve liquidity.

Darling says that those measures demonstrate the government's commitment to steering the economy "through undoubtedly difficult times."

(Copyright 2008 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2016 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 30270434 -
Gray Television, Inc.