Dithering ? Never , just waiting prudently for the best option , Why don't you believe me ? 4

Dithering ? Never , just waiting prudently for the best option , Why don't you believe me ? 4

Brown rejects competence attack

Gordon Brown said nationalisation was the best option.

The prime minister has defended the decision to nationalise Northern Rock and rejected suggestions he has lost his reputation for economic competence.

Gordon Brown said ministers' actions had stopped the Rock crisis spreading and also protected its customers' cash.

He said UK economic stability had been maintained and nationalisation was now "the best option" for the taxpayer.

Shadow chancellor George Osborne has called it the day "Labour's reputation for economic competence died".

Lib Dem Vince Cable said while it was the right move, it could be costly.

Financial turbulence

Mr Darling is set to make a Commons statement on his decision to temporarily nationalise the stricken bank, which will require emergency legislation.

http://news.bbc.co.uk/1/hi/uk_politics/7250191.stm