Tag: Downing Street

The press release issued by 10 Downing Street on 28 October 2008.

Gordon Brown has called upon the international community to provide “substantial additional resources” to deal with the fallout from the current global financial crisis.

Speaking to journalists in Downing Street, the PM said that the International Monetary Fund’s standard arrangement to provide up to $250 billion may not be enough to ease the credit crunch and restore confidence to international markets.

Countries should be prepared to provide more support, particularly countries such as China and those in the Gulf that have built up significant resources in recent years, he said.

Mr Brown said he had discussed his proposal with the IMF, German Chancellor Angela Merkel and French President Nicolas Sarkozy, whom he will meet for talks in Paris later today. The matter will also be raised on a tour of Gulf states this weekend and later with Premier Wen of China, he added.

The PM said:

“In the last few days I have discussed the risk of contagion and the need to stabilise economies right across Eastern Europe.

“It is clear that the whole of the international community must have an interest in stopping this contagion, to prevent the worsening of the global economic downturn. That is why it is vital that the international authorities – particularly the IMF – play a central role in supporting those economies at this time.

“It is in every nation’s interest and in the interests of hard-working families in our country and every country that financial contagion does not spread.”

The PM will also travel to the US in mid-November for a major international summit on the financial crisis to be hosted by President Bush.

The press release issued by 10 Downing Street on 28 October 2008.

The Prime Minister and French President Nicolas Sarkozy have held talks in Paris on the global financial crisis and proposals to be carried forward to November’s international summit in Washington.

Speaking to journalists ahead of the talks, the PM identified four key priorities for the EU and the wider international community: preventing the crisis from spreading from country to country, particularly in eastern Europe; kick-starting bank lending to businesses and homeowners; tackling the economic downturn; and reforming the international finance system.

The insecurities currently being felt by people across the world needed to be addressed through Government action and international cooperation, he said.

President Sarkozy said that the international dialogue should cover not only issues such as liquidity but should also address world governance as a whole, while the IMF should be given greater means to support states in economic difficulty. The EU, for example, could raise its available funds from €12 to €20 billion, he said.

The press release issued by 10 Downing Street on 30 October 2008.

The Prime Minister and German Chancellor Angela Merkel have stressed the importance of creating a common set of EU measures to deal with the financial crisis and to ensure “comprehensive action” is taken following the global summit scheduled for 15 November.

Speaking to journalists at a Downing Street press conference, the PM said that the UK and Germany agreed that a coordinated response to the credit crunch should focus on reform, containment and help for families and businesses.

Mr Brown and Ms Merkel highlighted changes to the International Monetary Fund, the building of greater global market supervision and transparency an dimproved cross-border cooperation intimes of crisis as key areas of reform.

On halting the spread of the current crisis, Chancellor Merkel backed the PM’s call for additional reserves to be made available for an IMF package aimed at helping states in economic difficulty.

Mr Brown added that it was vital to get banks lending once more to families and businesses “on normal terms”. He welcomed a decision by the European Investment Bank to make £4 billion in loans available to UK enterprises.

European leaders will meet in Brussels a week tomorrow to hold final talks in preparation for the special global summit to be hosted by President Bush on 15 November.

The press release issued by Gordon Brown, the Prime Minister, on 1 November 2008.

The PM has begun his four-day visit to the Gulf with a meeting in Riyadh, Saudi Arabia with King Abdullah. The PM is visiting the region to discuss economic, energy and business issues and to seek support for boosting the IMF’s credit crunch contingency fund.

Speaking to journalists before departing Heathrow on Saturday morning, Mr Brown said that all nations had to play their part in solving the world economic downturn.

Earlier this week he said that the $250 billion set aside by the International Monetary Fund to help nations struggling with the current global financial crisis may not be enough, and that countries that had built up large reserves should contribute more.

The PM said:

“My main focus is on how we can help British families through this downturn but because they are global problems they require global solutions.

“The Saudis and other countries in the Gulf States are very important, they are the countries with great revenues and oil wealth. What starts with negotiations in Saudi and elsewhere can end with great benefits for families in Britain. Everybody has got a part to play in solving the world downturn.”

The PM will also attend a special EU Council next week on the financial crisis before heading to the global summit to be held in the US on 15 November.

The press release issued by 10 Downing Street on 2 November 2008.

The Prime Minister has continued to his tour of Gulf states with a series of meetings in Doha, Qatar.

Speaking at a press conference in Doha shortly after his arrival, the PM announced a new joint £250 million Clean Technology Investment Fund to be made available for companies developing green technologies. Mr Brown was speaking after a tour of the Qatar Foundation and a discussion on the work of the Qatar Science and Technology Park.

The PM said that he and Qatari PM Hamad bin Jassem had discussed how to work together to deal with the global economic downturn and that the two countries “share an understanding” of what needs to be done.

Earlier, before departing Saudi Arabia for Qatar, the PM said that he felt the Saudi government would contribute to the IMF’s $250 billion fund that is being used to help countries struggling with the effects of the credit crunch. King Abdullah of Saudi Arabia would attend the global summit in Washington on 15 November, he added.

The PM received an honorary degree from King Saud University earlier this morning before meeting a group of former radicals involved in a government programme that integrates extremists back into society.

Later, in Qatar, Mr Brown met journalists at the Al Jazeera news centre before attending a dinner meeting with The Amir of Qatar, Hamad Bin Khalifa Al Thani.

The press release issued by 10 Downing Street on 3 November 2008.

Gordon Brown has congratulated Lewis Hamilton on his achievement of becoming the youngest ever Formula One world champion.

Speaking from Doha, Qatar on his tour of the Gulf, the PM said that the whole country was “thrilled” by Hamilton’s talent and his “inspirational achievement”.

The PM said:

“I, like so many, want to congratulate [Lewis Hamilton] on becoming world champion.  He is the youngest world champion in Formula One history, the first championship I think of many that he is going to win in the years to come.  I think the whole country is thrilled by his exceptional talent and the whole of Britain is now congratulating him and proud of the inspirational achievement of Lewis and the McLaren team.”

Hamilton placed fifth in yesterday’s Brazilian Grand Prix to take the title by 98 points to rival Felipe Massa’s 97.

The press release issued by 10 Downing Street on 3 November 2008.

The Prime Minister has outlined his vision for global economic reform, acknowledging that any countries increasing their contribution to international bodies such as the IMF should have greater influence over decision making.

Speaking to guests at a major oil conference in Abu Dhabi this morning, Mr Brown listed five steps to be taken to restore stability to the world economy: stronger banks; international coordination of financial policies; an enhanced facility under the IMF to stop the spread of crises such as the credit crunch; pushing ahead with world trade talks on the principle of free trade; and establishing global standards of supervision and regulation.

The Prime Minister also called for a reshaping of energy markets following recent spikes in gas and oil prices, stating that consumers and producers needed to move beyond the “traditional zero sum game” that pits one against the other. A special energy conference to be held in London in December, following on from June’s Jeddah summit, would be an important step in building a new framework, he said.

The PM said:

“Let us carry forward the determination to build a global consensus around a radical renewal of our international financial system, let us maintain the courage to continue and deepen the dialogue we have begun here in the Gulf for stability in energy, oil and gas and energy markets generally for the future.  Let us make this time which is a time of financial crisis also a time of visionary international cooperation.

“Let us together build great companies, governments working with business, people who know about the future of energy working together, let us together build the global solutions on which the sustainability and prosperity of our global economy depends.”

The Prime Minister arrived in Abu Dhabi from Qatar, where he earlier visited a vast liquid gas complex and also met British armed forces personnel at the Al Udeid air base. Following his speech at the Abu Dhabi International Petroleum Exhibition and Conference he visited a technology college and went on to a dinner meeting with the Crown Prince, Sheikh Mohamed bin Zayed Al Nahyan.

The press release issued by 10 Downing Street on 4 November 2008.

The Prime Minister has spoken of the importance of cooperation between the US and Europe following today’s Presidential election and said he will look to build the “strongest possible relationship” with George Bush’s successor.

Responding to journalists’ questions during his tour of the Gulf, the PM said that the election taking place today had stirred renewed interest in politics and public affairs and had been marked by a series of “landmark events”  such as the prominence of female candidates.

The next step was for the US and Europe to work together on pressing issues such as the economic downturn and peace in the Middle East.

The PM said:

“It’s been an important election. I think that the most important thing that follows from it is that America and Europe will have to work together to deal with the international problems we face, not just the financial crisis but also stopping protectionism, making sure we work for stability and particularly peace in the Middle East.”

Mr Brown returns from his four-day tour of the Gulf today after a series of meetings focused on the global economic downturn, support for the IMF and energy issues.

The US election takes place today with results expected to become available through the night. The PM, who met Barack Obama and John McCain on a trip to the US in April, said he expected to speak to both candidates once the election result was known.

The press release issued by 10 Downing Street on 5 November 2008.

Gordon Brown congratulated Barack Obama on his victory in the US Presidential election this morning and said they would work together to get Britain and the US out of the economic downturn.

Speaking to journalists in 10 Downing Street the PM said:

“I have just sent my warmest congratulations to Senator Obama on his election as President of the United States of America and I have also sent my best wishes to Michelle and his family”.

“This is a moment that will live in history as long as history books are written.”

Tuesday’s poll saw Barack Obama emerge as President elect after one of the biggest turnouts in US election history. As of this afternoon he held 349 electoral college votes compared to John McCain’s 162, comfortably above the 270 required for victory.

Mr Obama will be inaugarated as President in January 2009.

The press release issued by 10 Downing Street on 6 November 2008.

The Prime Minister has called for renewed effort to tackle the “geography of inequality” characterised by drastically differing health standards and life expectancy between different countries and communities.

Speaking at the Health Inequalities Conference in London today, the Prime Minister said there could “no worse time” to put aside the vital work of dealing with health inequalities and helping the poor. Those arguing that plans should be postponed in light of the global economic downturn were mistaken, he said.

The PM said:

“I believe there could be no worse time than this to turn back.  We will now successfully address all the global problems that we face, whether it is financial problems, climate change, security or inequality, only if we work together for global solutions. And the health inequalities we are talking about are not only unjust, condemning millions of men, women and children to avoidable ill-health, they also limit the development and the prosperity of communities, whole nations and even continents.”

Mr Brown told delegates they were united in their belief that every child, man and woman, no matter what their birth or background, “should have the best chance of a healthy life”.

Health Secretary Alan Johnson, who has organised the summit, told delegates that governments have become accustomed to working together on issues such as climate change and the economy, and that the same energy being appled to dealing with the credit crunch should be applied to addressing health inequalities.