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| Darling makes bank change pledge | |
| (10 minutes later) | |
| Chancellor Alistair Darling has said there were "lessons to be learned" following last week's crisis at the Northern Rock bank. | |
| "There are lessons to be learned and I will make sure that we make the changes we need to ensure stability," he said. | |
| He told Labour's annual conference in Bournemouth that effective supervision for banks was needed across the world, and not just in the UK. | He told Labour's annual conference in Bournemouth that effective supervision for banks was needed across the world, and not just in the UK. |
| He also said the financial services industry in this country was "strong". | |
| Mr Darling told delegates he would make sure changes were made to ensure financial stability in the future, following the recent financial turmoil encountered by Northern Rock. | |
| "Last week was difficult. It was difficult for Northern Rock savers, it was difficult for us all," he said. | |
| "My job is to protect ordinary savers. So we need to strengthen protection for ordinary savers - to give them confidence, ensuring their savings in a bank or building society are guaranteed. | |
| "It's been difficult. But we will come through this because we have built a strong and stable economy." | |
| Mr Darling told the conference that climate change is "an international problem" which requires international solutions. | Mr Darling told the conference that climate change is "an international problem" which requires international solutions. |
| He said that Britain would be the first country to introduce "legally enforceable carbon budgets" and also spoke of his support for the Make Poverty History campaign. | He said that Britain would be the first country to introduce "legally enforceable carbon budgets" and also spoke of his support for the Make Poverty History campaign. |
| "We will meet our international obligations in full," he said. | "We will meet our international obligations in full," he said. |