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|Britain's Prime Minister Gordon Brown, centre, with Chancellor of the Exchequer Alistair Darling, left, Communities Secretary Hazel Blears, 2nd right, and Chief Secretary to the Treasury Yvette Cooper at a Downing Street meeting to discuss the current housing situation Tuesday Sept. 2, 2008. Brown unveiled plans on Tuesday to spend 1 billion pounds (US$1.8 billion) reinvigorating the country's ailing housing market, which is suffering from the worst crash since the early 1990s.
British Chancellor of the Exchequer Alistair Darling (L) is pictured during a joint press conference with US Treasury Secretary Henry Paulson at Lancaster House, in London, on July 3, 2008. US Treasury Secretary Henry Paulson said on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars."I think there is a very strong possibility that we will be growing at the end of the year. We will have stronger growth at the end of the year than we have right now," he said during a press conference after talks with his British counterpart Alistair Darling.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling, attends a joint press conference with US Treasury Secretary Henry Paulson to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling, attends a joint press conference with US Treasury Secretary Henry Paulson to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling, attends a joint press conference with US Treasury Secretary Henry Paulson to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling (L), attends a joint press conference with US Treasury Secretary Henry Paulson (R) to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling (L), attends a joint press conference with US Treasury Secretary Henry Paulson (R) to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling (L), attends a joint press conference with US Treasury Secretary Henry Paulson (R) to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
LONDON - JULY 3: Chancellor of the Exchequer, Alistair Darling (L), attends a joint press conference with US Treasury Secretary Henry Paulson (R) to discuss rising global oil prices, at Lancaster House on July 3, 2008 in London, England. Darling said that the UK, the US and other countries need to work together to offset the "huge threat" posed by record oil prices.
Britain's Chancellor of the Exchequer Alistair Darling, left, and US Treasury Secretary Henry Paulson, right, hold a joint press conference at Lancaster House, in London, Thursday July 3, 2008. Paulson warned Thursday that record oil prices are likely to prolong the world economic slowdown. "I think that the oil prices are a strong head wind and at this level, they have got a high risk that they are going to prolong the slowdown," Paulson said at a London news conference as oil traded near the new record reached Thursday above US$145 a barrel. Paulson was winding up a European tour by holding talks on Thursday with British Treasury chief Alistair Darling and banking executives following meetings in Russia, Germany and Britain.
Slovenia's Finance Minister and EU Chairman Andrej Bajuk (3rd L) and World Bank President Robert Zoellick (2nd R) shovel dirt to plant a memorial tree as British Finance Minister Alistair Darling (L), U.S. Treasury Secretary Henry Paulson (2nd L), and Joaquin Almunia, Commissioner for Economic and Monetary Affairs at the European Commission, look on during the G8 Finance Ministers Meeting in Osaka, western Japan June 14, 2008.
OSAKA, JAPAN - JUNE 14: (L-R) UK Chancellor of the Exchequer Alistair Darling, US Secretary of the Treasury Henry Paulson, Slovenia's Finance Minister and EU Chairman Andrej Bajuk, Joaquin Almunia, Commissioner for Economic and Monetary Affairs at the European Commission, and World Bank President Robert Zoelick attend a tree planting ceremony, at the Osaka International Convention Center during the G8 Finance Ministers Meeting June 14, 2008 in Osaka, western Japan. During the two-day meeting, a preliminary to the G8 Summit proper, the financial leaders from the Group of Eight industrialized nations and other international delegates have discussed the issues such as soaring crude oil costs and rising food prices.
OSAKA, JAPAN - JUNE 14: (L-R) UK Chancellor of the Exchequer Alistair Darling, US Secretary of the Treasury Henry Paulson, Slovenia's Finance Minister and EU Chairman Andrej Bajuk and Joaquin Almunia, Commissioner for Economic and Monetary Affairs at the European Commission, attend a tree planting ceremony, at the Osaka International Convention Center during the G8 Finance Ministers Meeting June 14, 2008 in Osaka, western Japan. During the two-day meeting, a preliminary to the G8 Summit proper, the financial leaders from the Group of Eight industrialized nations and other international delegates have discussed the issues such as soaring crude oil costs and rising food prices.
OSAKA, JAPAN - JUNE 14: (L-R) UK Chancellor of the Exchequer Alistair Darling, US Secretary of the Treasury Henry Paulson, Slovenia's Finance Minister and EU Chairman Andrej Bajuk, Joaquin Almunia, Commissioner for Economic and Monetary Affairs at the European Commission, and World Bank President Robert Zoellick, attend a tree planting ceremony, at the Osaka International Convention Center during the G8 Finance Ministers Meeting June 14, 2008 in Osaka, western Japan. During the two-day meeting, a preliminary to the G8 Summit proper, the financial leaders from the Group of Eight industrialized nations and other international delegates have discussed the issues such as soaring crude oil costs and rising food prices.