Britain was 'three hours from going bust'

ray123

Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown's Ministers revealed yesterday.

http://www.thisismoney.co.uk/news/article.html?in_article_id=470349&in_page_id=2&ct=5

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block holein-the-wall cash withdrawals. Only frantic behind-the-scenes efforts averted financial meltdown.

Forget about a recession, the UK is heading into a depression!

StevieJ

ray123 wrote: »

Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown's Ministers revealed yesterday.

http://www.thisismoney.co.uk/news/article.html?in_article_id=470349&in_page_id=2&ct=5

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block holein-the-wall cash withdrawals. Only frantic behind-the-scenes efforts averted financial meltdown.

Forget about a recession, the UK is heading into a depression!

Not another non-story from the Mail It is a good job that nobody takes any notice :rolleyes:

Angela Knight, chief executive of the British Bankers Association, said: 'The issues related only to HBOS and RBS. To imply that all the banks would have gone under is wrong. It is complicated.'

exil

If you believe what you read in the Wail, I think you might have as big a problem as the global economy

Cleaver

That story from the Mail on Sunday is all very well, but I'd much prefer to read articles relating to how much the nation misses Princess Di and the latest shenanigans that Travellers are up to.

I might write them a letter.

I've heard it was 4 hours anyway.

stevetodd

ray123 wrote: »

Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown's Ministers revealed yesterday.

http://www.thisismoney.co.uk/news/article.html?in_article_id=470349&in_page_id=2&ct=5

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block holein-the-wall cash withdrawals. Only frantic behind-the-scenes efforts averted financial meltdown.

Forget about a recession, the UK is heading into a depression!

I think this sounds more plausible:

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=469049&in_page_id=19&in_author_id=4

davidscot

ray123 wrote: »

Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown's Ministers revealed yesterday.

http://www.thisismoney.co.uk/news/article.html?in_article_id=470349&in_page_id=2&ct=5

The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block holein-the-wall cash withdrawals. Only frantic behind-the-scenes efforts averted financial meltdown.

Forget about a recession, the UK is heading into a depression!

Another example of the British media whipping up a frenzy of hysteria

clobber_2

Britain was 'three hours from going bust'

What an utterly fatuous remark.

I was only three hours from death last night. But then it turned out I was sleeping, not in a coma.

mewbie_2

Almost as ridiculous as the 45 minutes to launch WMD's claim. Hmm which is worse - Daily Mail or British Government?

mizzbiz

I think this is the fifth time i've seen this 'news' on here.

The first one had about 10 pages of debate. I can't remember what I said in that one in detail, but the same applies again.

scousethife

We were all going to die of bird flu 3 years ago too

mewbie_2

scousethife wrote: »

We were all going to die of bird flu 3 years ago too

Last night I opened the window and influenza.