Gordon Brown says steps will be taken to bring an end to "irresponsible behaviour" in the money markets following the extraordinary events in the UK financial sector this week.
The BBC reports the Prime Minister has pledged to “clean up” the financial system after Lloyds TSB today agreed a takeover for mortgage giant HBOS following a run on its share price. His comments follow concerns about short-selling - which allows investors to benefit from falling share values – but Brown gave no indication of banning the practice. “I think we've got to look at where there has been irresponsible behaviour and I've said for some time that we need reforms in the system,” he told the BBC. “I believe there's now an audience that agrees with me that we should do more. We've...
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