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Brown hails 'bold' bail-out plan

Gordon Brown has hailed the Government's £50 billion bank bail-out plan, saying it should restore "confidence and trust" to the financial system.

The Prime Minister told a Downing Street news conference: "Extraordinary times call for the bold and far-reaching solutions that the Treasury has announced.

"Our stability and restructuring programme is comprehensive, it is specific and it breaks new ground.

"This is not a time for conventional thinking or outdated dogma but for the fresh and innovative intervention that gets to the heart of the problem."

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