Last quote by Alistair Darling
Alistair Darling quotes
We and every other government in the world send out a clear message, that we will stabilise the position. We will help banks restructure so that they can rebuild their strength, and also do everything we can, whatever it takes, to ensure that we get that stability. And we will try and steer our way through a pretty, pretty turbulent period.
We have been working closely with the governor of the Bank of England, with the Financial Services Authority and financial institutions to put the banks on a longer term sound footing. Now I intend to make a statement before the markets open tomorrow morning and I will be making a statement in the House of Commons later in the day.
My proposal today is one in which Northern Rock is owned and run in the private sector as a commercial bank and where the government provides a back-stop guarantee to make private financing possible in the current market conditions. I believe this company should be managed within the private sector disciplines and management, provided we can do so on terms that properly protect the taxpayers' interest.
Today I can present the pre-budget report and the conclusions of the comprehensive spending revenue. I will set out how we will maintain that stability and strong economy, meet our international obligations, improve our public services, invest more in the highest standard of education and health care and equip our country for the future as we meet these new global challenges.