Darling pledge over bank deposits
Updated on 03 October 2008
Chancellor Alistair Darling has again pledged to do "whatever it takes" to protect bank deposits as Gordon Brown announced plans for a new National Economic Council to co-ordinate the Government's response to the global economic crisis.
At a joint Downing Street press conference with Mr Brown, the Chancellor said savers should be reassured by the Bank of England's promise to make sure that banks had the funds they needed.
At the same time, the Financial Services Authority said it was extending the guarantee to depositors in British banks from £35,000 to £50,000.
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