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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
Think
Banks
Thinking
Deeply
Fail
Failing
Whether
Bigs
Bail
Need
Potentially
Needs
Sustain

More quotes by George Osborne

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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 need a coalition in this country. A coalition of change. People who have had enough of this.
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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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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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You cannot tackle Britain's debts without tackling the unreformed welfare system.
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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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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.
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I would say I have taken substantive action to make things easier for people.
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Britain cannot afford to cut itself off from what is going on in the world, we are too interconnected with what is going on, we have a powerful history and tradition of taking an interest in what is going on in the world, we've also got a very real interest in the future, in remaining connected.
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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.
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You know the illusion of the cheap money is over and now Britain has to go out there and graft and earn its way and create wealth and prosperity in a very competitive world.
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If we don't get a grip on government spending, there will be no growth.
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We will also target tax evasion and off-shore tax havens... Everyone must pay their share.
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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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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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There are those people who don't want change. Well there needs to be a coalition for change amongst the hard-working mainstream majority of the country to crack on and sort out Britain's problems.
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If you're looking for ways to cut waste in government, you can start with John Prescott.
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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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What's interesting is whilst Shanghai has gone stellar - literally, in these massive buildings which have appeared since I first visited - Beijing has become a much more vibrant and interesting place. A lot more business is done here.
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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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