Tuesday, 30 September 2008
An Irish example to follow?
Ireland's finance minister Brian Lenihan has guaranteed all savings and bonds in six major Irish banks - including their UK branches - for the next two years. His actions followed a disastrous day on the Dublin stock exchange yesterday. Robert Peston points out that this now puts British banks at a significant competitive disadvantage. Shouldn't Alastair Darling and the Bank of England follow suit with British banks?