Gordon Brown speech at offices of Thomson Reuters in London

Gordon Brown speech at offices of Thomson Reuters in London; ENGLAND: London: Canary Wharf: INT Gordon Brown MP (Prime Minister) speech SOT - Good Morning, and I am very grateful to Niall Fitzgerald and Reuters for inviting me to speak to you this morning, and I did notice, when he had the choice, Niall chose to read his own speech rather than refer to mine. - You know at this difficult time for the world economy I wanted to come here today, to the heart of our financial services industry, to discuss with you the steps that we are taking here in Britain and what I believe the international community must now do immediately together to secure the future of our financial system / Britain, as you know, has two great financial traditions: from the coffee houses of London and the establishment of the Royal Exchange we were the pioneers of a modern day banking system built on trust. It was always said of the City, my word is my bond, and that is the trust that must underpin everything that we do in the future. Our second tradition, represented by this company and many others, is our openness to the world. We are internationalists, we have more global reach as a country than any other. While some would use the world financial crisis to recommend policies that are protectionist, we know that the only way forward is to maintain, indeed extend, our tradition of openness, an open trading economy where as I will suggest accompanied to that is proper global coordination and supervision. - So we want strong banks succeeding in an open global economy. We do that with national action to restore confidence and trust in the banking system, founded on our core values of fair reward for hard work, effort and enterprise, not unfair incentives for irresponsibility or excessive risk-taking for which the rest of us have to pay. And we want, secondly, international action to build a global solution to global problems, by working with our international partners to reshape the...