» Monday, November 5, 2007


Asked if the Prime Minister was confident that British banks could weather the current crisis, the Prime Minister’s Spokesman (PMS) told the assembled press that Alistair Darling had been on the radio that morning speaking on the subject. As the Chancellor had said, there was concern about the extent of the exposure that some of the big American banks had. But as the Chancellor had also said, banks and many banks in this country had very strong balance sheets after years of making very good profits. Asked if the Prime Minister had a view on the subject, the PMS said that the Prime Minister thought that the Chancellor of the Exchequer was the Government spokesman on economic matters and he had spoken about these matters that morning on the radio.

original source.

Briefing took place at 11:00 | Search for related news

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