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| Cameron: We're in this together | Cameron: We're in this together |
| (10 minutes later) | |
| David Cameron says the Conservatives will work with the government to tackle the financial crisis, telling his party faithful: "We're in this together." | David Cameron says the Conservatives will work with the government to tackle the financial crisis, telling his party faithful: "We're in this together." |
| In an emergency statement to the Tory conference he said UK parties should "stick together" and avoid the "political wrangling" seen in the US. | In an emergency statement to the Tory conference he said UK parties should "stick together" and avoid the "political wrangling" seen in the US. |
| "Democracies were being tested" and people were "confused and concerned" about their jobs, savings and pensions. | "Democracies were being tested" and people were "confused and concerned" about their jobs, savings and pensions. |
| He said there would be day of reckoning for bankers, but said "this is not it". | He said there would be day of reckoning for bankers, but said "this is not it". |
| Working across party lines is not just something we say because it might sound reasonable - it is something that may well be very necessary David Cameron Analysis: Cameron offerIn full: Cameron statement | Working across party lines is not just something we say because it might sound reasonable - it is something that may well be very necessary David Cameron Analysis: Cameron offerIn full: Cameron statement |
| The priority at the moment was to ensure stability in the banking and financial system. | The priority at the moment was to ensure stability in the banking and financial system. |
| Shadow chancellor George Osborne is currently travelling from the Birmingham conference to London for meetings about the crisis with Chancellor Alistair Darling and regulators at the Financial Services Authority. | Shadow chancellor George Osborne is currently travelling from the Birmingham conference to London for meetings about the crisis with Chancellor Alistair Darling and regulators at the Financial Services Authority. |
| Liberal Democrat leader Nick Clegg said his party would also support measures to tackle the financial crisis, and "come together in the spirit of compromise in the interests of the British people". | Liberal Democrat leader Nick Clegg said his party would also support measures to tackle the financial crisis, and "come together in the spirit of compromise in the interests of the British people". |
| He said the government should bring in an "unambiguous guarantee" to protect all British people's savings in British banks - at present only savings up to £35,000 are guaranteed. | He said the government should bring in an "unambiguous guarantee" to protect all British people's savings in British banks - at present only savings up to £35,000 are guaranteed. |
| The government has indicated it plans to increase the savings guarantee to £50,000 - and Mr Cameron called on new legislation to protect savings to be brought forward to next week when MPs return to Parliament. | The government has indicated it plans to increase the savings guarantee to £50,000 - and Mr Cameron called on new legislation to protect savings to be brought forward to next week when MPs return to Parliament. |
| Collapse of confidence | Collapse of confidence |
| He said the Tories would give it their full support. He said they would also set aside concerns to allow the safe and rapid passage of a Bill to give the Bank of England powers to rescue failing banks. | He said the Tories would give it their full support. He said they would also set aside concerns to allow the safe and rapid passage of a Bill to give the Bank of England powers to rescue failing banks. |
| BBC political editor Nick Robinson said Treasury sources believed the specific measures proposed were either unnecessary or would have no impact on the current crisis. | |
| And Chancellor Alistair Darling later said he already had "the powers that I need and I've made it clear over Northern Rock, and this weekend with Bradford & Bingley, that I will do whatever is necessary". | |
| During his statement to conference - a last minute change to the schedule - Mr Cameron said: "As if life wasn't already enough of a struggle with the cost of living going up people are worried this morning about their jobs, their mortgages, their savings, their pensions. | During his statement to conference - a last minute change to the schedule - Mr Cameron said: "As if life wasn't already enough of a struggle with the cost of living going up people are worried this morning about their jobs, their mortgages, their savings, their pensions. |
| Cameron's address was memorable not so much for the actions he proposed but the tone he struck Nick RobinsonBBC political editor Read Nick's blog in full | Cameron's address was memorable not so much for the actions he proposed but the tone he struck Nick RobinsonBBC political editor Read Nick's blog in full |
| "They get even more worried when they hear talk of a collapse of capitalism. People are confused and concerned. They want to know what's going on. They want to know what is going to happen next." | "They get even more worried when they hear talk of a collapse of capitalism. People are confused and concerned. They want to know what's going on. They want to know what is going to happen next." |
| He added: "We have always been ready - at a time of national difficulty - to put aside party differences to help bring stability and help bring reassurance. | He added: "We have always been ready - at a time of national difficulty - to put aside party differences to help bring stability and help bring reassurance. |
| "Working across party lines is not just something we say because it might sound reasonable - it is something that may well be very necessary. There may well need to be a marshalling of public support behind some big decisions. | "Working across party lines is not just something we say because it might sound reasonable - it is something that may well be very necessary. There may well need to be a marshalling of public support behind some big decisions. |
| "This is a moment when democracies are being tested: we need to show that they can deal with crisis and difficulties like this one." | "This is a moment when democracies are being tested: we need to show that they can deal with crisis and difficulties like this one." |