Friday, 03 December 2021 10:41 GMT

UK: former Prime Minister calls for the arrest of corrupt bankers

(MENAFN) Former Prime Minister Gordon Brown insisted that corrupt bankers ought to be jailed for compromising taxpayers' money. In Mr. Brown's memoir, he persisted that letting frauds loose would only "give a green light" to this kind of conduct which was the cause for the financial collapse.

Gordon Brown has also stated that "little has changed" ever since the fallout, which took place in Number ten during his era. He added that the year 2006 "has proved to be the turning point at which history failed to turn."

At the time of the most terrible financial catastrophe since the 1930s great depression, Mr. Brown had been a Labor Prime Minister. In October 2008, his government disclosed a package of 400bn Euro intended to pick up the banking system of the UK.

Mr. Brown confirmed that in order to avoid one more financial collapse, insufficient efforts has been in place. He said "little has changed since the promise in 2009 that we bring finance to heel, the banks that were deemed 'too big to fail' are now even bigger than they were."


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