Labour’s PM Gordon Brown has pledged to work “night and day” to ensure that Britain comes through the current economic and financial turmoil arising from the ongoing fall-out from the credit crunch.

Following confirmation of the nationalisation of Bradford & Bingley, Gordon Brown said he would do “whatever it takes” to ensure the stability of the British financial system.

“We have taken decisive action at all times, decisive action on Halifax Bank of Scotland, decisive action on stopping speculation and short selling, decisive action now over Santander and the bid for Bradford & Bingley.

“We will work night and day to make sure that Britain can come through fairly this downturn, which has started from problems in America, is now affecting the whole of the system and is causing anxiety and insecurity amongst people in the country”.