British Prime Minister Gordon Brown answers questions from Conservative Party Leader David Cameron in the House of Commons about England’s financial regulations.

Discussion Questions

1. Describe how the British Parliament operates. View a clip of the Senate discussing economic issues. Compare the United States Congress to the British Parliament.
2. How do Leader Cameron and Prime Minister Brown differ in their view of who should help failing banks in England? What role does the Bank of England and the Financial Services Authority play in England?
3. Prime Minister Brown uses the terms “liquidity” and “illiquidity”. What do these words mean in financial terms?
4. What is the “credit crunch”? Explain the impact, if any, it has had on England and other countries around the world.