No 10 dismisses Gordon Brown's warning of UK 'sleepwalking into financial crisis'

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Downing Street says UK has reformed City regulation in an ‘incredibly robust system’

Downing Street has rejected Gordon Brown’s warning that the UK is at risk from a worldwide drift towards a new financial crash, insisting that a revamped UK regulatory regime would properly insulate the country.

Brown, who was prime minister at the time of the 2008 crash, said that after a decade of stagnation the global economy was now moving into a decade of vulnerability.

Related: Gordon Brown’s tragedy is not his flaws, but his failure to admit them | Deborah Orr

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Source: china
Link : No 10 dismisses Gordon Brown’s warning of UK ‘sleepwalking into financial crisis’

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