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UK growth depends on global co-operation - Brown

Published 01/23/2009, 03:35 AM
Updated 01/23/2009, 03:40 AM

LONDON, Jan 23 (Reuters) - Britain's economic growth outlook depends on how closely countries around the world work together in response to the global financial crisis, Prime Minister Gordon Brown told BBC radio on Friday.

"It depends all the time on what is the level of international co-operation," he said. "Coming out of America in the next few weeks will be a major, major stimulus package that will help the rest of the world.

"Other countries in Europe are about to make decisions themselves about the future and I think that is very, very important as well."

The government must reform the regulation of its financial system in the wake of the economic crisis, he added.

"We of course have got to change our regulatory system, rightly so, so there is more transparency and there's more disclosure.

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