The British government has announced a major rescue package worth around 50 billion pounds aimed at shoring up the country's banking system.
That's according to a statement from the chancellor of the exchequer, Alistair Darling, to the London Stock Exchange. The statement, which has been obtained by news agencies, says the plan is aimed at putting the British banking industry on a sound footing in the long term. It is hoped that the scheme, which amounts to a partial nationalisation of leading banks, will restore confidence, revive lending and stimulate Britain's flagging economy.
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Darling pledges action on economy ... Welle)
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