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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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The Conservative Party mustn't sound like the old man on the park bench who says things were better in 1985, or 1955, or 1855.
George Osborne
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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.
George Osborne
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I want Britain to be the home of successful competitive and stable financial services.
George Osborne
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I believe in public services.
George Osborne
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I think it is absolutely central to our economic plan as a country not only that we put our own house in order but that we better connect ourselves with other parts of the world, particularly the faster growing parts of the world.
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Tax cuts should be for life, not just for Christmas.
George Osborne
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Well British pension funds have not been investing the savings of British people in British infrastructure.
George Osborne
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British taxpayers should not bear the costs of problems in the Eurozone.
George Osborne
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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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You need to have a state pension that doesn't drag more and more people into means-testing each year and make it very difficult for people on low to medium term incomes to save and not see their savings clawed away.
George Osborne
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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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You also want to look at how the tax system encourages and rewards pension saving. I have set as an ambition reversing the effects of Gordon Brown's tax raid which heralded the beginning of the age of responsibility. We are looking at some very specific tax measures on how we can encourage saving.
George Osborne
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There are plenty of people who don't want change - the Labour Party, some of their militant trade union friends like Unite busy causing strikes at the very beginning of a fragile recovery.
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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.
George Osborne
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One big theme for me is that we have got to move from an economy built on debt to one where we save and invest in the future.
George Osborne
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We support the auto-enrolment but we have our doubts about the way the National Pension Scheme is going to be structured.
George Osborne
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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.
George Osborne
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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.
George Osborne
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[Banks] have a clear obligation to help get this country off its addiction to debt because they sure as hell helped to get this country addicted to debt.
George Osborne
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Well look, no one takes pleasure from people making money out of the misery of others, but that is a function of capitalist markets.
George Osborne