Gordon Brown

Brown urges "concerted international approach" on bank rescue

gorden brownLondon, Brussels - British Prime Minister Gordon Brown has urged fellow-European leaders to adopt key aspects of Britain's multi-billion-pound banking rescue package in a "concerted international approach" to tackle the current global financial crisis.

Brown: Comprehensive bail-out is "right decision"

Gorden BrownLondon  - British Prime Minister Gordon Brown Wednesday hailed the government's massive bank rescue plan as the "right decision in extraordinary times."

"It is a tough deal for everybody, but it is the right deal for the British public," Brown told a news conference in Downing Street.

The "comprehensive action" taken by the British government should restore "confidence and trust" to the financial system, he said.

Brown calls urgent meeting on bank stabilization

Brown calls urgent meeting on bank stabilization London - British Prime Minister Gordon Brown on Tuesday called a top-level meeting to discuss government proposals to stabilize the banking system after a dramatic slump in bank shares on the London stock market.

The meeting came within hours of the return from the European Union's finance ministers meeting in Luxembourg of Britain's Chancellor of the Exchequer, Alistair Darling.

Mandelson savagely criticized Brown before joining UK Cabinet

London, Oct. 6 : Mandelson savagely criticized Brown before joining UK CabinetBritain’s new Business Secretary, Peter Mandelson, is said to have savagely criticized Prime Minister Gordon Brown during a private meal with George Osborne, the shadow chancellor, just weeks before joining the Cabinet.

According to The Telegraph, Mandelson is said to have "dripped pure poison" when describing Gordon Brown and also informed Osborne that the next general election will be held in May 2010.

Britain wants multibillion-pound fund for small businesses

gorden brownLondon - British Prime Minister Gordon Brown said Saturday he would like to set up a multibillion-pound fund to help out small businesses amid the current financial crisis.

Speaking as he left for a summit of European Union G8 leaders in France, Brown said he would be proposing a 12-billion-pound (21- billion-dollar) fund to his counterparts from Germany, France and Italy in Paris.

Brown said he was proposing the fund "so that small businesses in our country and the rest of Europe can get money immediately so that they can continue to employ staff and continue to provide services."

Brown brings back "old hands" in surprise reshuffle

Gordon Brown may appear in ‘The Simpsons’London- British Prime Minister Gordon Brown Friday undertook a cabinet reshuffle that saw the departure of Defence Secretary Des Browne and the return to the cabinet of Peter Mandelson, a senior New Labour figure and current European Union (EU) Trade Commissioner.

The reshaping of the Brown government had been precipitated by the resignation of Transport Secretary Ruth Kelly who was said to have been disillusioned with Brown's leadership.

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