David Cameron speech at CBI
David Cameron speech at CBI; For a start, savers need the reassurance that if another bank goes bust, their hard-earned cash is protectedSo the Government should act now - before the parliamentary recess - to protect the first £50,000 for each saver in the event of their bank collapsingThere's nothing stopping them - they will have our full supportThey just need to do itWhat's more, last autumn, we called for a Special Resolution Scheme to rescue failing banksThe Government is now actingBut let's be clearI applaud the FSA's frank assessment of its role in the run up to Northern Rock...…but most bank failures follow some degree of regulatory failureSo the regulator cannot alone pull the trigger on a bank rescueInstead, the Bank of England must play the central role in rescuing banksThat's the system they have in America - where the Fed saved Bear Stearns over a weekendWe need that sort of leadership hereNext, we must help families with their finances and the rocketing cost of livingOf course, many of the problems families face come from abroadA global food crunch is hitting people at the checkoutsAnd the rising cost of oil and gas is hitting people at the pumps and whenever they pay their electricity billsBut let's also remember thisOne of the biggest demands on people's money doesn't come from some far-flung offenders - it comes from governmentIt comes from the never-ending demand for taxation - from council tax to income tax, VAT to road tax, tax on drink to tax on petrolSo I'm not going to stand here and say I can wave a magic wand to bring food prices and gas prices downBut what I can say is that a Conservative Government will not make the cost of living worseThat's why we have campaigned so hard - and will continue to campaign so hard - to get this Government to reverse their decision to impose a retrospective tax on cars bought seven years agoIt's why we will give ...





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698513862
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ITN
Date created:
July 14, 2008
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Not released.ÌýMore information
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00:03:10:10
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576 25i
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r14070806_13500.mov
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