Press Releases

HISTORIC PRESS RELEASE : Prime Minister Gordon Brown focused on British families [October 2008]

The press release issued by 10 Downing Street on 15 October 2008.

The Prime Minister has said that his aim throughout the current financial crisis is to “do what I can on the side of hardworking families”.

Speaking to Sky’s Adam Boulton ahead of the EU Council in Brussels, Mr Brown said he hoped to see soon the impact of coordinated intervention in the form of loans for homeowners and small businesses. The PM added that he also hoped to see falling oil prices lead to lower inflation and lower household bills for British families.

The PM also held a press conference with UK media where he stressed the importance of tackling the financial crisis in order to help households paying higher fuel bills, small businesses lacking capital and families unable to get mortgages.

The PM said:

“Let’s never forget we are talking about households that are paying higher fuel bills as a result of global oil prices,  we’re talking about small businesses that are lacking capital because of a global financial crisis, we’re talking about couples and families that cannot get mortgages because of a global crisis, we’re talking about families and communities hit by unemployment because of this global financial crisis.”

Earlier the PM and EU Commission President Jose Manuel Barroso held a press conference where they agreed on the need to take action on the crisis to a second stage of establishing better regulation and an early warning system to root out problem areas in the future.