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Darling silent on savings

Alistair Darling has resisted pressure to guarantee all savings in the UK despite the financial chaos devastating Europe. The chancellor remained silent on unlimited guarantees in a Commons statement this afternoon. However, he did reaffirm the government’s commitment to doing all it can to support UK banks and that the ultimate responsibility rests with him…. Read more »

National Economic Council holds first meeting as FTSE falls

Gordon Brown’s new ‘war Cabinet’, the National Economic Council, has met this morning for the first time. The meeting came as the FTSE 100 fell more than 200 points following a weekend of financial turmoil across Europe. The council meeting, which will take place twice a week in future, comes as MPs return to Westminster… Read more »