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The Conservatives' Response to the Credit Crunch - George Osborne speaks at LSE

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George Osborne, shadow chancellor of the Exchequer and MP for Tatton, Cheshire, gave a major economic speech to a packed audience at the London School of Economics and Political Science (LSE) today (Friday 11 January).

Appearing at the event with David Frost, director general of the British Chambers of Commerce, George Osborne examined the credit crunch and analysed how the first bank run since Victorian times could have been prevented.

'The British economy faces its most testing time for a generation.' He said. 'My argument today is a simple one. Britain's economy is not prepared for the difficult times that lie ahead. The past fifteen years of global growth provided the perfect opportunity to prepare our economy for the 21st century... Around the world, countries like Ireland and Australia shrewdly took advantage of these huge opportunities... Britain did not.'

Click here to download a transcript of the speech| (PDF)

Notes:

The event was organised in cooperation with the British Chambers of Commerce

Press cuttings

ePolitix.com
Osborne attacks Brown's economic record
http://www.epolitix.com/EN/News/200801/b0c266fb-13fe-4814-b8dd-ef8f5b05550b.htm|

Sky News
Brown's economic record under fire
http://news.sky.com/skynews/article/0,,91211-1300235,00.html|

BBC News Onlines
Tories attack Brown over economy
http://news.bbc.co.uk/1/hi/uk_politics/7182612.stm|

Times
Tories throw down gauntlet over economic record
George Osborne will fire the opening salvo in a sustained attempt to demolish Gordon Brown's reputation for economic competence today, in a speech to business leaders at the London School of Economics.
http://www.timesonline.co.uk/tol/news/politics/article3168534.ece| 

Press Association
Tories attack Brown over economy 

Financial Times
Darling sees obstacle in shareholders
Article mentions that George Osborne, shadow chancellor, will today launch the first of a series of attacks on Gordon Brown's economic record, with a speech at LSE.
http://www.ft.com/cms/s/614fd7ce-bfd3-11dc-8052-0000779fd2ac.html| 

Guardian
Interest rates kept on hold amid signs that crisis is easing
http://www.guardian.co.uk/business/2008/jan/11/interestrates.interestrates| 

11 January 2008

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