It's over

Well the G20 has come to an end and the Prime Minister is currently on his feet looking fairly pleased with himself in front of the world's press at the Excel centre.

These are the proposals that have been agreed.

1.the International Monetary Fund (IMF) will get extra resources worth up to $750bn.

2.There will also be sanctions against secretive tax havens and tougher global financial regulation.

3.G20 has committed about $250bn to boost global trade.

4. Bankers' pay and bonuses will be subject to stricter controls

5. A new Financial Stability Board will be set up to work with the IMF to ensure co-operation across borders and provide an early warning mechanism for the financial system

6 There will be greater regulation of hedge funds and credit ratings agencies

7. A common approach to cleaning up banks' toxic assets has been agreed

8.The world's poorest countries will receive extra aid.

You can read the full leaders statement on the No 10 web site


Iain Martin is not impressed over at Three Line whip

The PM is gravely announcing a $1trillion "stimulus" for the global economy. But it's not the kind of stimulus which Brown has been wandering the world demanding - ie a further co-ordinated boost, involving increased spending or tax cuts by the major economies, to get demand going.