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British Prime Minister in talks with central bank governor over crisis

Business Materials 30 September 2008 13:39 (UTC +04:00)

British Prime Minister Gordon Brown discussed the implications of the failure by the US House of Representatives to adopt a massive bail-out plan with Bank of England governor Mervyn King Tuesday, the government said.

The two men held talks ahead of the weekly cabinet meeting, which is also likely to be dominated by the global crisis, reported dpa.

Brown pledged earlier that he take all necessary steps to guarantee the stability of the British banking system, as share prices of leading banks tumbled on the London stock market.

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