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Page last updated at 10:24 GMT, Monday, 19 January 2009

Brown on 'irresponsible mistakes'

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Prime Minister Gordon Brown and chancellor Alistair Darling have introduced new plans designed to encourage banks to begin lending again.

In a statement outlining reasons for the measures, Mr Brown warned that he would not allow banks to go back to old lending practices, and that the cost of doing nothing during the economic downturn was 'simply too great'.

The Prime Minister said he would not see 'people go to the wall' because of the 'irresponsible mistakes of a few bankers'.

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