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

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

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Business

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Hard

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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.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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