Labour Lord Myners dies aged 73
[Lord Myners, a Treasury minister under former
prime minister Gordon Brown, has died aged 73. He advised Mr Brown on the historic bailout of the British banking system following the 2008 financial crash. Lord Myners died in the early hours of Sunday morning and is survived by his five children and five grandchildren] https://news.sky.com/story/lord-myne...crash-12517757 |
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He helped Gordon Brown Lord Myners was a Good man [New Labours Brown's Government introduced rescue packages in 2008 and 2009 to help keep the banks afloat during the global financial crisis, and as a result the United Kingdom's national debt increased dramatically. The Government took majority shareholdings in Northern Rock and Royal Bank of Scotland, both of which experienced financial difficulties, and injected large amounts of money into several other banks, including Lloyds Banking Group, which formed through the acquisition of HBOS by Lloyds TSB in 2009.] |
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