Lib Dems call for Irish-style deposit guarantee

Nick Clegg, leader of the Liberal Democrats, spoke out after news UK depositors were moving their cash to Irish banks after the government there agreed to guarantee all deposits and loans for two years. Speaking this morning, Clegg says: “We are now in the eye of an economic storm. The financial system urgently requires some breathing space. British people need total reassurance that their savings are safe. “The Liberal Democrats will support the Government in issuing a blanket guarantee for all deposits in the British banking system. We will co-operate fully with the Government in pass...