Getting the Economy moving
Only David Cameron and the Conservatives have the energy, leadership and values to get the economy working for everyone. We need to reward hard work, get Britain making things again, deliver value for money in government and sort out the banks.
We want the banks to work for the people, instead of the people bailing out the banks. And we need to learn the lessons from the financial crisis. Within weeks of the election, a Conservative government will launch the most radical overhaul for a generation in the way that banks are regulated and policed, in order to support the economy and protect consumers. We will:
* get credit flowing to businesses with large scale government guarantees, building on our proposals for a National Loan Guarantee Scheme;
* sweep away Gordon Brown’s failed system of regulation and put the Bank of England back in charge of controlling the overall level of debt in the economy;
* introduce a new levy on the banks;
* push for international agreement to separate the riskiest investment banking activities like large scale proprietary trading from ordinary retail banking;
* create a tough new Economic Crime Agency to crack down on white collar crime and serious economic crime;
* promote responsible consumer finance with a powerful new Consumer Protection Agency taking over from the Financial Services Authority and the Office of Fair Trading; and,
* set up a free financial advice service and a free annual financial health check, to help families get their finances on track.
We want the banks to work for the people, instead of the people bailing out the banks. And we need to learn the lessons from the financial crisis. Within weeks of the election, a Conservative government will launch the most radical overhaul for a generation in the way that banks are regulated and policed, in order to support the economy and protect consumers. We will:
* get credit flowing to businesses with large scale government guarantees, building on our proposals for a National Loan Guarantee Scheme;
* sweep away Gordon Brown’s failed system of regulation and put the Bank of England back in charge of controlling the overall level of debt in the economy;
* introduce a new levy on the banks;
* push for international agreement to separate the riskiest investment banking activities like large scale proprietary trading from ordinary retail banking;
* create a tough new Economic Crime Agency to crack down on white collar crime and serious economic crime;
* promote responsible consumer finance with a powerful new Consumer Protection Agency taking over from the Financial Services Authority and the Office of Fair Trading; and,
* set up a free financial advice service and a free annual financial health check, to help families get their finances on track.
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