Gordon Brown preparing new taxpayer-backed bank rescue package

Telegraph
"Gordon Brown is preparing to unveil a new bank rescue package which will lead to taxpayers underwriting billions of pounds in bank loans to homebuyers and businesses. "
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The Pound in your Pocket
"Nothing tolls the bell for Labour governments more often than the devaluation of sterling.
...As it is, rates are already getting close to the point where printing money becomes a necessary contingency - a form of devaluation in all but name.
...The trouble for the Government is that a repeat of the plea to the IMF in 1976 is now within the bounds of feasibility. If that were to happen, the Prime Minister would become, in effect, a lame duck". (The Times)