The former Government minister and one of the architects of the British efforts to rescue the financial system, told a high-level business conference in Sussex: "I don't think we are through it yet -- an IMF study showed at the middle of this year that banks had only declared half their losses on their books: we have a long way to go."
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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