David Cameron speech at CBI

David Cameron speech at CBI; For a start, savers need the reassurance that if another bank goes bust, their hard-earned cash is protected So the Government should act now - before the parliamentary recess - to protect the first £50,000 for each saver in the event of their bank collapsing There's nothing stopping them - they will have our full support They just need to do it What's more, last autumn, we called for a Special Resolution Scheme to rescue failing banks The Government is now acting But let's be clear I applaud the FSA's frank assessment of its role in the run up to Northern Rock... …but most bank failures follow some degree of regulatory failure So the regulator cannot alone pull the trigger on a bank rescue Instead, the Bank of England must play the central role in rescuing banks That's the system they have in America - where the Fed saved Bear Stearns over a weekend We need that sort of leadership here Next, we must help families with their finances and the rocketing cost of living Of course, many of the problems families face come from abroad A global food crunch is hitting people at the checkouts And the rising cost of oil and gas is hitting people at the pumps and whenever they pay their electricity bills But let's also remember this One of the biggest demands on people's money doesn't come from some far-flung offenders - it comes from government It comes from the never-ending demand for taxation - from council tax to income tax, VAT to road tax, tax on drink to tax on petrol So I'm not going to stand here and say I can wave a magic wand to bring food prices and gas prices down But what I can say is that a Conservative Government will not make the cost of living worse That's why we have campaigned so hard - and will continue to campaign so hard - to get this Government to reverse their decision to impose a retrospective tax on cars bought seven years ago It's why we will give ...