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| Version 1 | Version 2 |
|---|---|
| Brown promises to clean-up banks | Brown promises to clean-up banks |
| (19 minutes later) | |
| Gordon Brown has reiterated his call for a clean-up of the financial system to ensure what he called "banking responsibility" in the UK and abroad. | Gordon Brown has reiterated his call for a clean-up of the financial system to ensure what he called "banking responsibility" in the UK and abroad. |
| He also repeated his promise of legal action to recover pension pay-outs negotiated by bosses of failed banks. | He also repeated his promise of legal action to recover pension pay-outs negotiated by bosses of failed banks. |
| In a speech to Labour activists in Bristol, the prime minister said banks had lost sight of basic moral values. | In a speech to Labour activists in Bristol, the prime minister said banks had lost sight of basic moral values. |
| He outlined his vision for a reformed banking system, and promised banks that would help families and small firms. | |
| Mr Brown told members of Labour's National Policy Forum that there had been "the biggest collapse in the banking system that the world had ever seen". | Mr Brown told members of Labour's National Policy Forum that there had been "the biggest collapse in the banking system that the world had ever seen". |
| He said: "Our task must be nothing less than to rebuild a financial system where it has failed, and then to create an economy in which banks are no longer serving themselves but are serving the public of this country." | He said: "Our task must be nothing less than to rebuild a financial system where it has failed, and then to create an economy in which banks are no longer serving themselves but are serving the public of this country." |
| Mr Brown said that "somehow" the financial world had lost sight of ordinary people's values, such as fairness and hard work. | |
| "Some came to believe that we should sacrifice the value of being fair to that of laissez-faire," he said. | |
| "Some acted as though free markets could be value-free markets." | |
| He said that "nudging and deregulating" banks towards better behaviour had not worked. | |
| "You need fair rules, rules that reward those that play by them and punish those who don't." |