Well done Jack !! That's told them , let's hope they believe you

Labour woes 'no Black Wednesday'

Jack Straw has urged ministers to hold their nerve Jack Straw

Ministers have rallied to dismiss Tory claims that Labour is facing its own Black Wednesday over Northern Rock and the missing data discs crisis.

Jack Straw told Sunday AM it was "utter nonsense" to compare recent events with the pound's exit from the European Exchange Rate Mechanism in 1992.

The justice secretary said ministers were handling the crises well and urged colleagues to "hold our nerve".

It comes as three opinion polls suggest confidence in Labour has been shaken.

Mr Straw said Black Wednesday - which saw confidence in John Major's government collapse leading to its defeat at the 1997 election - had been caused by "personal decisions by senior ministers," while the current problems were "external".

http://news.bbc.co.uk/1/hi/uk_politics/7111649.stm