Conservative Manifesto 2010 Change the Economy Create a Safer Banking System That Serves The Needs of The Economy
We will reform the regulation and structure of the banking system to ensure lower levels of leverage, less dependence on unstable wholesale funding, and greater availability of credit for SMEs.
In the run up to the financial crisis, British banks became amongst the most indebted and most leveraged in the world – with disastrous consequences for us all. this credit boom turned into a bust, with a significant fall in credit available to firms. Lack of access to credit remains a major problem, especially for Smes. We need to change the way we regulate our banks to stop a crisis on this scale ever happening again.
Reform financial services
The financial services sector is one of our most globally successful industries, and we want the City to be the leading location for global finance. But the financial sector must not put the stability of the whole economy at risk.
We will put in place a levy on banks. We are prepared to act unilaterally if necessary, but there is emerging international agreement on this approach and the US and german governments have both announced similar plans.
We need fundamental reform of our failed regulatory system, avoiding badlydesigned regulations that will damage our competitiveness and ensuring that the financial sector can supply the affordable credit that businesses need.
We will abolish gordon brown’s failed tripartite system of regulation and put the bank of england in charge of prudential supervision. We will restore the bank’s historic role in monitoring the overall growth of credit and debt in the economy. in addition, we will:
• pursue international agreement to prevent retail banks from engaging in activities, such as large-scale proprietary trading, that put the stability of the system at risk;
• empower the bank of england to crack down on risky bonus arrangements;
• increase competition in the banking industry, starting with a study of competition in the sector to inform our strategy for selling the government’s stakes in the banks; and,
• as the government comes to sell off its holdings in the banks, offer a ‘people’s bank bonus’, so that everybody in the country has the chance to buy a stake in the state-owned banks. We will create more diverse sources of affordable credit for small businesses, building on our proposals for a national Loan guarantee Scheme.
Japan
japan is a world leader in the development of green technology. it invests in R&D at almost double the UK’s rate, and Japanese companies hold roughly 30 per cent of green technology patents filed in the US. As a result, Japan is far ahead of the UK in the trillion pound market for green technology. this leadership is not just good for the economy; it’s also good for the environment. For example, thanks to the widespread use of green technologies, japan has the lowest carbon intensity of any major economy.
Conservative Manifesto 2010
Conservative Manifesto 2010 : Foreword
Conservative Manifesto 2010 : Change the Economy Introduction
Conservative Manifesto 2010 : Change the Economy Benchmarks for Britain
Conservative Manifesto 2010 : Change the Economy Ensure Macroeconomic Stability
Conservative Manifesto 2010 : Change the Economy Create A More Balanced Economy
Conservative Manifesto 2010 : Change the Economy Get Britain Working Again
Conservative Manifesto 2010 : Change the Economy Encourage Enterprise
Conservative Manifesto 2010 : Change the Economy Build a Greener Economy
Conservative Manifesto 2010 : Change Society Introduction
Conservative Manifesto 2010 : Change Society Build The Big Society
Conservative Manifesto 2010 : Change Society Make Britain The Most Family Friendly Country in Europe
Conservative Manifesto 2010 : Change Society Back the NHS
Conservative Manifesto 2010 : Change Society Raise Standards in Schools
Conservative Manifesto 2010 : Change Society Fight Back Against Crime
Conservative Manifesto 2010 : Change Politics Introduction
Conservative Manifesto 2010 : Change Politics Make Politics More Accountable
Conservative Manifesto 2010 : Change Politics Make Politics More Transparent
Conservative Manifesto 2010 : Change Politics Make Politics More Local
Conservative Manifesto 2010 : Change Politics Restore Our Civil Liberties
Conservative Manifesto 2010 : Change Politics Strengthen The Union
Conservative Manifesto 2010 : Protect the Environment Introduction
Conservative Manifesto 2010 : Protect the Environment Combat Climate Change
Conservative Manifesto 2010 : Protect the Environment Conserve And Enhance The Natural Environment
Conservative Manifesto 2010 : Promote Our National Interest Introduction
Conservative Manifesto 2010 : Promote Our National Interest Defend Our Security
Conservative Manifesto 2010 : Promote Our National Interest A Liberal Conservative Foreign Policy
Conservative Manifesto 2010 : Promote Our National Interest An Open And Democratic Europe
Conservative Manifesto 2010 : Promote Our National Interest One World Conservatism
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