» Tuesday, March 3, 2009Economy
Asked whether the Prime Minister had made any mistakes in the run-up to the credit crunch and the subsequent recession, the PMS replied that what we had seen today was a re-run of comments that had previously been made by both the Chancellor and the Prime Minister on events leading up to the global financial crisis. The PMS said he could quote examples of when the Prime Minister had said we should learn lessons, for example, all of us had lessons to be learned from these things, which was a quote from the FPA speech on the 26th January. The PMS also cited the example of the Prime Minister s press conference on the 18th February when he had said, you ve got to learn the lessons of what has happened around the world. The Chancellor had also previously said at the Lords Select Committee, I was not going to sit here and tell you there weren t lessons to be learned. Asked whether the Prime Minister agreed with Ed Balls when he said that regulation had been too light, the PMS referred people back to the extensive comments the Prime Minister had made on the question of regulation and the need for regulatory regimes to change. 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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