» Monday, August 13, 2007Stock Market
Asked if the Prime Minister was involved in any talks about the financial markets, and was there a strategy, the PMS replied that John Hutton had responded to this yesterday. As the Prime Minster had said last week, we would not hesitate to act to ensure that the British economy remained stable, and that our prospects for continued growth were good. The view of the International Monetary Fund (IMF) that was expressed on Saturday was that the fundamentals of both the world economy and the British economy were sound. Asked what actions the Government would take, the PMS replied that any actions would be dependent on the situation. At the moment, the IMF were saying that the British and international economies were sound. Asked if the Prime Minister would like the Bank of England to follow the Federal Reserve and the Central European Bank in terms of bailing out financial institutions, the PMS replied that the Bank of England’s independence was something that was introduced by this Government, but she was not going to comment any further on its role. Briefing took place at 11:00 | Search for related news Original PMOS briefings are © Crown Copyright. Crown Copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland. Click-use licence number C02W0004089. Material is reproduced from the original 10 Downing Street source, but may not be the most up-to-date version of the briefings, which might be revised at the original source. Users should check with the original source in case of revisions. Comments are © Copyright contributors. Everything else is © Copyright Downing Street Says. |
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