Business | Markets
Britain's Brown creates national economic council
British Prime Minister Gordon Brown established a National Economic Council on Friday to coordinate economic policies across government and help people cope with the fallout from the financial crisis.
- Agencies
- Published: 19:39 October 3, 2008
London: British Prime Minister Gordon Brown established a National Economic Council on Friday to coordinate economic policies across government and help people cope with the fallout from the financial crisis.
"Britain is facing a period of immense economic challenges," Brown's office said in a statement. "The National Economic Council will work to help people and businesses to deal with the current economic uncertainties."
The council, chaired by Brown with finance minister Alistair Darling as his deputy, will meet often and take advice from experts on issues ranging from financial markets, global commodity prices, sustainable energy and barriers to business.
The government also established a regional economic council and appointed a network of British business leaders to support the government overseas.
The business leaders include the chairmen of Lloyds TSB, Barclays, Vodafone, Standard Chartered, the London Stock Exchange, Rio Tinto and J Sainsbury.
More from Markets
More from Business
Business Editor's choice
-
Saudi-Bahraini economic ties hit new high
Whilst press reports continue speculating on a possible new political structure defining ties between Saudi Arabia and Bahrain, facts on the ground confirm ever- stronger economic ties between the two neighbours
-
Cupid targets the Fed with early tweets
Declarations range from pure romance to cute overtures and racier fare
-
Do unemployment figures flatter to deceive?
Jobseekers and recruiters give out mixed signals ranging from optimism to downright despair even as official data show recovery
