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We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

George Osborne

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George Osborne
Age: 53
Born: 1971
Born: May 23
British Politician
Economist
Historian
Journalist
Politician
Writer
George Gideon Oliver Osborne
Need
Potentially
Needs
Sustain
Think
Banks
Thinking
Deeply
Fail
Failing
Whether
Bigs
Bail

More quotes by George Osborne

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I want to see genuine talent rewarded.
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Britain wants the single currency to be a success. It is massively in our interests that we have a stable financial system on our doorstep.
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We need a coalition in this country. A coalition of change. People who have had enough of this.
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Britain has no divine right to be one of the richest countries in the world.
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I'm not saying job done but I am actually pretty confident that Britain can be one of the biggest winners from these big global changes that are taking place and indeed become the richest of the major economies in the world in this coming generation.
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We want people to have a stake in the British economy so I am in favour of actually encouraging people to have small shareholdings and feel they've got a stake in our economic future.
George Osborne
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There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom. You want to help people de-leverage and deal with those debts over time.
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I would also like to see children aged between 11 and 18 taught financial education in a structured way in schools. I would also say that that is not enough. You have also got to improve numeracy skills, mathematical skills in schools.
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I would say I have taken substantive action to make things easier for people.
George Osborne
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I think we woefully failed to connect Britain to the growing Chinese economy in the previous decade, and I have sought to remedy that. China is now the sixth biggest trading partner with the UK. We have attracted now the lion's share of Chinese investment that is going into Europe.
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I believe that I'm entitled to regard my pre-political life as off-limits in terms of what can be looked at and judged.
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Britain should not be forced to make a choice between joining the single currency and leaving the EU, because if we're forced to make that choice we would leave the EU.
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What I'm interested in is Britain projecting itself abroad, and through that its values and the things it holds dear. And I don't think you do that by refusing to talk to the world's second-largest economy [China]. In fact, that is positively counter-productive in my view.
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Put on top of that the fact that the whole world is looking at Britain and saying how is this country going to pay its way in the future. They are looking at other countries like Greece who can't pay their way in the future and you see savage spending cuts, big cuts in pay.
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A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.
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We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.
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I reject absolutely the idea that people should know their place, and know their class.
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There are those who are trying to create an anti-business culture in Britain - and we have to stop them. At stake are not pay packages for a few but jobs and prosperity for the many.
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The Foreign Office is a very important arm of the British state and I think Britain has a fantastic diplomatic service. We are the only country in the world spending 2% of our national income on defence and 0.7% of our national income on aid. We are the only country in the world doing both of those things.
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I'm fed up with Britain being condemned to this future where we borrow the Chinese in order to buy from the Chinese the things that they make for us.
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