UK’s contingency plans for ‘financial apocalypse’

11th November 2011

"There's a lot of scenario planning in government, thinking about all possible outcomes, and the Treasury is doing that. It affects our trade and potentially, in this Armageddon narrative, it affects the banking system, but we're not there yet," said Cable.

Indeed much of Cable's comments talked up the prospects for Europe including Italy now that Berlusconi has gone.

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