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

The transcript discusses the importance of taxpayer support for banks during financial crises, emphasizing that this support is meant for stabilizing banks, not individual accounts. It highlights the role of international rules as the best solution for financial stability. However, if funds are misused for excessive pay and bonuses, further actions, including tax measures, may be taken. Bankers are warned about the potential use of the tax system to ensure financial accountability.

What was the primary purpose of taxpayer support during critical times?

• To enhance individual bank accounts

• To support the banks themselves

• To increase public spending

• To fund government projects

What is the speaker's hope regarding international rules?

• That they will be ignored

• That they will be replaced

• That they will be the best solution

• That they will be ineffective

What action might be taken if funds are misused for bonuses?

• Further action including tax measures

• Public protests

• Increase in bank interest rates

• Reduction in bank support

What does the speaker reserve the right to use against banks?

• Media campaigns

• The tax system

• International sanctions

• Public opinion

What warning has been given to bankers?

• A warning about public protests

• A fair warning about potential tax measures

• A warning about increased competition

• A warning about media scrutiny