By Luke Baker LONDON (Reuters) - Prime Minister Gordon Brown will say bold and far-reaching action is needed to tackle the global financial crisis when the government unveils a multi-billion pound bank rescue package on Wednesday.
The package, due to be announced at about 7 a.m., will involve what a government source has described as a large-scale injection of capital into major retail banks, some of which have lost half their value this week.
meeting on Tuesday involving Brown, Darling, Bank of England governor Mervyn King and the head of the Financial Services Authority. There was pressure from bank chief executives to act.

GORDON Brown and Alistair Darling have drawn up a £50billion rescue plan for crisis-hit banks.
The Chancellor will unveil it today following talks last night with the PM, Bank of England governor Mervyn King and Financial Services Authority chairman Lord Turner.
losed down 508 points - a drop of more than five per cent.

The British government is to unveil a comprehensive rescue package for the UK's main banks this morning in a bid to shore up the country's financial system.

Taxpayers are to bail out high street banks with an emergency rescue package worth at least �50 billion, Alistair Darling will announce today.