Follow us 
1.4m SAVERS PANIC AS OSBORNE LETS NORTHERN ROCK COLLAPSE
2.7m Bradford and Bingley customers fear they're next
As Northern Rock's 1.4m savers and 800,000 mortgage customers worry anxiously about their future, George Osborne announces he has decided not to step in. "I am not in favour of nationalisation, full stop," he announces in the Commons. Instead his decision is to allow the bank to collapse.
Source: George Osborne, Hansard, 19 February 2008
Determined to oppose "big government", George Osborne leads the vote against the Banking (Special Provisions) Bill to deny the government the power it needs to tackle failing banks.
Source: Second and Third Reading of the Banking (Special Provision) Bill, 19 February 2008
2.7 million customers face an uncertain future as George Osborne opposes the part-nationalisation of Bradford and Bingley, saying "I don’t think that’s the right thing to do".
Source: George Osborne, Sky News, 29 September 2008
OSBORNE'S PARTY OPPOSES ACTION ON CITY BONUS CULTURE
Banker who profited from Northern Rock donates to Tories
George Osborne’s leader sets out Conservative opposition "to just react to this by getting out there and whacking bonuses, that's not sensible"
Source: David Cameron Meets the Experts, Sky News, 26 September 2008
Paul Ruddock, whose company reportedly short-sold Northern Rock, shown to have donated £259,500 to the Conservatives.
Source: Sunday Times, 28 September 2008
OSBORNE RULES OUT FISCAL STIMULUS: THOUSANDS MORE JOBS AT RISK
Rest of World goes ahead: Tories isolated, Britain vulnerable
As the rest of the world takes action to stimulate their economies, George Osborne's party rules out giving any boost to the economy.
Source: "We were against the fiscal stimulus". David Cameron, Speech to Conservative Spring Forum, 26 April 2009
WARNING: 3.5M JOBS AT RISK FROM OSBORNE STRATEGY ON EUROPE
Osborne's £4bn tax hit for manufacturing
As concern grows about the 3.5 million jobs that depend on our good working relationship with Europe, the manufacturers' body EEF warns George Osborne that the direction the Conservatives are taking on Europe is "not helpful to business".
Source: Financial Times, 3 June 2009
The British Chambers of Commerce warns against the Conservative direction in Europe and says that "having so many UK MEPs outside the mainstream groupings is a worry for business".
Source: Financial Times, 24 June 2009
George Osborne sets out plans for "reducing complex reliefs and allowances" – scrapping £4bn worth of tax reliefs for companies investing in new machinery and technology.
Source: George Osborne, "A different vision for the economy", Birmingham, 6 March 2009
UNEMPLOYMENT TO HIT 5M SAY EXPERTS:
CBI warn Osborne: this is the wrong time for cuts
As concern grows about the 3.5 million jobs that depend on our good working relationship with Europe, the manufacturers' body EEF warns George Osborne that the direction the Conservatives are taking on Europe is "not helpful to business".
Source: Financial Times, 3 June 2009
The British Chambers of Commerce warns against the Conservative direction in Europe and says that "having so many UK MEPs outside the mainstream groupings is a worry for business".
Source: Financial Times, 24 June 2009
George Osborne sets out plans for "reducing complex reliefs and allowances" – scrapping £4bn worth of tax reliefs for companies investing in new machinery and technology.
Source: George Osborne, "A different vision for the economy", Birmingham, 6 March 2009
