Gordon Brown: Credit crisis world's immediate challenge in 2008

Prime Minister Gordon Brown gave a bleak view of the world economy in the coming year in his New Year's message, but said he was optimistic Britain could remain stable through global financial turbulence. Security will also be a priority in 2008 as the government lays out its national security strategy in response to the terror threat at home and overseas, Brown wrote in the message issued late Saturday. "For Britain, 2008 will be a year of real and serious changes," he wrote. However, he said Britain would counter the global credit crunch with low interest rates and by acting to keep inflation low.