Gordon Brown welcomes co-operation on economy

Oct 1 2008 by Catriona Buckett, Liverpool Daily Post

PRIME Minister Gordon Brown welcomed cross-party cooperation on the economy yesterday but rejected calls for the Government to guarantee all savings.

He repeated his pledge to do “whatever is necessary” to get Britain through the global financial turmoil after Chancellor Alistair Darling held emergency talks with opposition parties.

And he insisted the UK well placed to get through the difficulties.

But, in the face of demands from Lib-Dem leader Nick Clegg for a “cast iron guarantee” no depositors would lose out, the Prime Minister said he believed Government plans to extend the present protection level to £50,000 would be sufficient.

THE Irish Government has pledged to guarantee 100% of savings held in savings accounts at UK branches of Allied Irish Bank, Bank of Ireland and Anglo-Irish Bank.

It followed an earlier pledge to increase compensation to 80,000 euros (£63,000).

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