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| Tackle protectionism head-on - PM | Tackle protectionism head-on - PM |
| (10 minutes later) | |
| Prime Minister Gordon Brown has said the "whole world should be committed" to overcoming the economic downturn and tackling protectionism "head-on". | Prime Minister Gordon Brown has said the "whole world should be committed" to overcoming the economic downturn and tackling protectionism "head-on". |
| He reiterated his calls for countries to work together in response to global recession, saying trade would help "the poorest and most vulnerable". | He reiterated his calls for countries to work together in response to global recession, saying trade would help "the poorest and most vulnerable". |
| There had to be "fundamental reform" of financial regulation, Mr Brown added. | There had to be "fundamental reform" of financial regulation, Mr Brown added. |
| The prime minister was speaking after Downing Street talks with EU Commission president Jose Manuel Barroso. | The prime minister was speaking after Downing Street talks with EU Commission president Jose Manuel Barroso. |
| Mr Brown's comments come after a meeting of European finance ministers in Horsham, West Sussex, at the weekend, and ahead of the summit of G20 leaders in London on 2 April. | Mr Brown's comments come after a meeting of European finance ministers in Horsham, West Sussex, at the weekend, and ahead of the summit of G20 leaders in London on 2 April. |
| 'Help the poorest' | |
| At a Downing Street press conference he said: "We are seeing a large fall in world trade... | |
| "The 1930s brought protectionism in response to recession; in 2009 we must tackle protectionism head-on." | |
| The prime minister said any package must "help the poorest, who are in the end the most hard hit by the global recession". | |
| He added: "The G20 must have a focus on the poorest and most vulnerable... We need fundamental reform of the international regulatory system." | |
| Mr Brown said: "I think the whole world should be committed to the sustained effort that is needed to sustain growth." | |
| Mr Brown also endorsed Mr Barroso for another term as Commission president. | |
| Mr Barroso said: "This recession is affecting every European household... | |
| "Profits cannot be private while debts are public. We need ethics back in the financial system." |