Britain was just three hours away from going bust last year after a secret run on the banks, one of Gordon Brown’s Ministers has revealed.
City Minister Paul Myners disclosed that on Friday, October 10, the country was ‘very close’ to a complete banking collapse after ‘major depositors’ attempted to withdraw their money en masse.
The Mail on Sunday has been told that the Treasury was preparing for the banks to shut their doors to all customers, terminate electronic transfers and even block hole-in-the-wall cash withdrawals.
Only frantic behind-the-scenes efforts averted financial meltdown.
I don’t know if I believe anything that I read in the Daily Mail. But no body seems to be denying the quote. And it seems to me that anyone with large amounts of foreign exchange has to realize that if a crunch ever comes, they will get their dollars/euros when the British government is good and ready to let them. Given the example of Iceland, a lot of people have reason to be nervous.