[/align]British police officers try to block demonstrators protesting in central London's City financial district, Friday Oct. 10, 2008. The FTSE 100 index of leading British shares plunged 7.1 percent in the first half hour of trading on the London Stock Exchange Friday morning, tracking steep declines in Europe, Asia and the U.S. Fears that the deepening credit crisis will result in the failure of more financial companies continued to grow. Several hundred protesters turned out to demonstrate against the British government's bank bailout. Earlier this week, the government announced a 50 billion pound (US$86 billion) plan to partly nationalize major banks and guarantee a further 250 billion pounds (US$431 billion) of bank loans to shore up the lending sector.
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Great stuff, even if I'm not a SWP fan... I heard on the Galloway show tonight that there's to be a proper demonstration organised by the Reclaim The Streets people on Halloween, and I've a feeling that will be quite a party.