Gordon Brown's Credit Crisis
With the growing recession, and the country at its most deprived since the first economic down fall in the 1930's, the British government are doing their upmost to try and get the country out of this economic crisis. Gordon Brown is trying to gather support from other g20 countries to back his polices, for next weeks big meeting in London about this, the G20 is made up of the 20 biggest countries that have been affected by the recession. The countries are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the US and the EU. Gordon Brown last night backed away from major plans for a recession busting spending spree next month. Will we all be at the receiving end of his silly mistake? However he is now thinking twice due to the city investors failing to invest in the recent government bonds issue.
Gordon Brown is due to arrive in Brazil following his efforts to free the country from the economic crisis. He is planning to hold talks with Brazilian president Luiz Inacio Lula da Silva. Earlier during his tour in New York he urged leaders to “take action” at the g20.
This story is by Megan and Christopher.