Brown calls for new world order

Mr Brown will use a high-profile speech in the City of London to say that Britain, the US and Europe should join together to provide leadership in the creation of a "stronger and more just international order".

He wants this weekend's emergency summit of world leaders in Washington to reach consensus on a new framework for the international financial system, featuring a reformed IMF which will act as a global early-warning system for financial problems, he will say.

The Prime Minister promised to work with US President-elect Barack Obama to build a new global society in which the markets are subjected to morality and ordinary people's interests are put first.

In his annual foreign policy speech to the Lord Mayor of London's Guildhall banquet, Mr Brown will say that the transatlantic relationship between Britain and Europe and the USA can be the driving force behind the creation of a new international order.