George Osborne, Shadow Chancellor, speech to The Conservative Party Conference 2009

The transcript discusses the need for economic stability and radical reform in public services, emphasizing the importance of protecting the vulnerable. It highlights the necessity for political transparency and a shift from past irresponsible practices. The economic crisis, characterized by high debt and unemployment, is addressed, urging a move towards saving and investment. The text calls for acknowledging past mistakes and stresses the urgency of change to prevent further economic decline.

What is the primary reason for the need to reform public services according to the speaker?

• To reduce government spending

• To align with international standards

• To increase employment opportunities

• To protect the most vulnerable who depend on them

What does the speaker suggest is necessary to restore trust in Parliament?

• Increasing taxes

• Implementing stealth taxes

• Offering complete transparency and change

• Reducing the number of politicians

According to the speaker, what has been a major consequence of excessive borrowing?

• Increased foreign investment

• Higher unemployment rates among young people

• Lower national debt

• Improved public services

What does the speaker identify as a significant portion of state spending?

• Education

• Defense

• Healthcare

• Interest on national debt

What economic shift does the speaker advocate for?

• From public to private sector focus

• From local to global markets

• From debt-based to investment-based economy

• From saving to spending