The UK government is poised to announce details of a comprehensive rescue package for the banking system, the BBC's business editor has learned.
It will include a proposal to inject capital into banks and to provide a standby facility to ensure UK banks have enough cash.
It is the government's attempt to stabilise the country's banking system.
It comes after a day of steep falls in UK banking stocks and a high-level Downing Street meeting.
Prime Minister Gordon Brown has held talks with Bank of England Governor Mervyn King.
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Downing Street denied it was an "emergency meeting", adding that it would focus on "ongoing action".
The BBC's business editor Robert Peston said the rescue plan would be unveiled within hours.
"In a UK context, this is a very big moment," he said.
(BBC)
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