The chancellor signalled last night that another rescue package is on the way – to be paid for by tax rises and spending cuts.

Daily Mail

Brown admits responsibility for crisis !!!!

The Prime Minister has admitted he should have taken tougher action ten years ago to prevent the current financial crisis. Gordon Brown, who at the time was Chancellor of the Exchequer, says he wishes he had pushed for international reform in the aftermath of the Asian markets crisis in the late 1990s.

In an interview, the PM said: “I take full responsibility for all my actions, but I think we’re dealing with a bigger problem that is global in nature, as well as national.

“Perhaps ten years ago after the Asian crisis when other countries thought these problems would go away, we should have been tougher … keeping and forcing these issues on to the agenda like we did on debt relief and other issues of international policy.”