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| Version 7 | Version 8 |
|---|---|
| Government to unveil bank rescue | Government to unveil bank rescue |
| (10 minutes later) | |
| The UK government is poised to announce details of a comprehensive rescue package for the banking system, the BBC's business editor has learned. | The UK government is poised to announce details of a comprehensive rescue package for the banking system, the BBC's business editor has learned. |
| It will include a proposal to inject capital into banks and to provide a standby facility to ensure UK banks have enough cash. | It will include a proposal to inject capital into banks and to provide a standby facility to ensure UK banks have enough cash. |
| It is the government's attempt to stabilise the country's banking system. | It is the government's attempt to stabilise the country's banking system. |
| It comes after a day of steep falls in UK banking stocks and a high-level Downing Street meeting. | It comes after a day of steep falls in UK banking stocks and a high-level Downing Street meeting. |
| Prime Minister Gordon Brown has held talks with Bank of England Governor Mervyn King. | |
| Chancellor Alistair Darling and the chairman of the Financial Services Authority, Lord Turner, also took part in the discussions. | |
| Downing Street denied it was an "emergency meeting", adding that it would focus on "ongoing action". | |
| The BBC's business editor Robert Peston said the rescue plan would be unveiled within hours. | |
| "In a UK context, this is a very big moment," he said. |