Britain's Treasury chief Alistair Darling warns of a bumpy road ahead for the British Economy.

Darling said that when giving his keynote speech at the Labour Party's annual conference in Manchester on Monday.

Referring to the recent financial crisis in the world, Darling also said he believed that Britain could weather the recent storms.

"We are on a difficult road and there will I am afraid be bumps along the way but I will continue to do whatever it takes to maintain financial stability and I remain confident we will do so."

He emphasized the necessity to introduce a new banking reform bill in the Commons in a fortnight, strengthening the supervision of the banking system.

Alistair Darling also laid out his agenda for helping average Britons get through the dual problems of the credit crunch and rising commodity prices.

Under pressure to curb the culture of excessive City bonuses, Darling promised to look at the culture of huge bonuses which have distorted the way decisions are made.

"It is essential that bonuses don't result in people being encouraged to take on more and more risk without fully understanding the damage that might be done not just to their bank, but to the rest of us in the wider economy."