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| Version 0 | Version 1 |
|---|---|
| UK will fight turbulence - Brown | UK will fight turbulence - Brown |
| (20 minutes later) | |
| Prime Minister Gordon Brown has promised that the UK and other EU countries will "lead the way" in fighting "global financial turbulence". | Prime Minister Gordon Brown has promised that the UK and other EU countries will "lead the way" in fighting "global financial turbulence". |
| He told MPs that an EU summit at the weekend had agreed "co-ordinated action at a European and global level". | He told MPs that an EU summit at the weekend had agreed "co-ordinated action at a European and global level". |
| Tory leader David Cameron said the UK was suffering from not "putting money aside in the good years". | |
| The Bank of England has made an extra £5bn available for UK banks to borrow, as part of move to ease credit fears. | |
| 'Remain vigilant' | |
| Markets have recorded heavy losses in reaction to the emergency bailout of US investment bank Bear Stearns. | Markets have recorded heavy losses in reaction to the emergency bailout of US investment bank Bear Stearns. |
| Mr Brown said he had made clear at the summit that "while our economy is resilient and the fundamentals strong, we will at all times remain vigilant and - particularly at this time of global uncertainty - will continue to take whatever action is necessary to maintain economic stability". | Mr Brown said he had made clear at the summit that "while our economy is resilient and the fundamentals strong, we will at all times remain vigilant and - particularly at this time of global uncertainty - will continue to take whatever action is necessary to maintain economic stability". |
| He also promised that EU countries would lead the way on combating climate change. | He also promised that EU countries would lead the way on combating climate change. |
| But Mr Cameron said: "Spain's budget is in balance. Germany, the Netherlands, Denmark and Sweden all have budget surpluses. | |
| "But Britain has the largest budget deficit in western Europe. Does the prime minister now regret that we're the one country that failed to prepare for the downturn by putting money aside in the good years?" |