Brown claims he called for financial reform a decade ago
Prime Minister Gordon Brown claimed today that he warned ten years ago of the need for stronger financial regulation, the Times reports.
Mr Brown said that a decade ago in Harvard he called for an international early warning system, which could have averted the current crisis.
Borrowers in the UK are now facing difficulty in receiving mortgages and secured loans, and the pound is weakening by the day.
Mr Brown claims that better regulations of international financial markets would have prevented the credit crunch from happening.

January 27th, 2009 at 5:51 pm
If he really had pushed for this, he would have made more of it before this in the face of his opponents claiming he failed to fix the roof when the weather was good. This is a throwaway line that will come back to bite him.