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| PM set for crisis talks in Paris | |
| (10 minutes later) | |
| Gordon Brown is to go to Paris on Sunday for talks with Nicolas Sarkozy on the global financial crisis. | Gordon Brown is to go to Paris on Sunday for talks with Nicolas Sarkozy on the global financial crisis. |
| Downing Street said the prime minister would meet Mr Sarkozy, along with the head of the European Commission and governor of the European Central Bank. | Downing Street said the prime minister would meet Mr Sarkozy, along with the head of the European Commission and governor of the European Central Bank. |
| Mr Brown is not due to take part in a scheduled meeting of leaders from eurozone countries. | Mr Brown is not due to take part in a scheduled meeting of leaders from eurozone countries. |
| Meanwhile, finance ministers from the G7 group of nations are continuing talks on the crisis in Washington. | Meanwhile, finance ministers from the G7 group of nations are continuing talks on the crisis in Washington. |
| Ministers, including Chancellor Alistair Darling, have pledged action to tackle the global financial meltdown, including a plan to unfreeze credit markets. | Ministers, including Chancellor Alistair Darling, have pledged action to tackle the global financial meltdown, including a plan to unfreeze credit markets. |
| US President George W Bush said the serious global financial crisis demands a serious global response. | |
| 'No resignations' | 'No resignations' |
| Mr Sarkozy said he planned to meet the British prime minister in order to "maximise" efforts by European leaders to deal with the global financial crisis, which has seen global equity markets go into freefall and the collapse of several leading international banks. | Mr Sarkozy said he planned to meet the British prime minister in order to "maximise" efforts by European leaders to deal with the global financial crisis, which has seen global equity markets go into freefall and the collapse of several leading international banks. |
| Separately, the deputy chairman of the Conservative Party, John Maples, said leading bankers involved in the credit crisis should resign. | Separately, the deputy chairman of the Conservative Party, John Maples, said leading bankers involved in the credit crisis should resign. |
| Mr Maples told the BBC that the major banks in Britain had "got away with no resignations", despite the announcement earlier this week of a £500bn government rescue plans for the financial sector | Mr Maples told the BBC that the major banks in Britain had "got away with no resignations", despite the announcement earlier this week of a £500bn government rescue plans for the financial sector |
| "In America people are being fired all over the place, here the chairmen and chief executives of half a dozen banks really ought to do the honourable thing and resign," he said. | "In America people are being fired all over the place, here the chairmen and chief executives of half a dozen banks really ought to do the honourable thing and resign," he said. |
| A Treasury delegation is in Reykjavik for talks to resolve the dispute over frozen UK investments held in failed Icelandic banks. | A Treasury delegation is in Reykjavik for talks to resolve the dispute over frozen UK investments held in failed Icelandic banks. |
| The group wants to establish a claims procedure for British depositors to get their money back as soon as possible. | The group wants to establish a claims procedure for British depositors to get their money back as soon as possible. |
| Mr Brown met his counterparts from France, Germany and Italy for emergency talks last weekend, but they failed to agree on a common plan beyond a cut in interest rates. | |
| Last week the UK government announced a package of measures aimed at rescuing the UK banking system. |