TAKING INSPIRATION FROM CHURCHILL, WE SHOULD CREATE A GLOBAL REGULATOR; Inspiration: Churchill at Bretton Woods

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GORDON Brown called on world leaders yesterday to take inspiration from Churchill and Roosevelt, and create a global regulator for the financial system.

After confirming the ?37billion Treasury takeover of the banking industry, he said his next ambition was to overhaul how world markets are supervised.

The Prime Minister's call paved the way for what is expected to be a landmark meeting of global leaders to decide how to control fastmoving financial dealing.

Mr Brown appeared to be trying to rewrite his record as Chancellor by putting himself forward as a champion of greater regulation to stop reckless behaviour by bankers.

Despite Tory protests that he presided over the 'Age of Irresponsibility' which led to the global economic crisis, the Prime Minister put himself at the forefront of calls for change.

He pleaded for a new version of the post-war Bretton Woods system, which governed the international monetary system until the 1970s. …