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Gordon Brown on Taking Risk 2004

The link is to the treasury release on his speech.

So same way that we made the Bank of England independent of government we made our competition authorities independent of government and created one of the most open competition regimes in the world. And although not quite as public a symbol as the Bank of England independence - but unique in terms of labour’s history none the less - we have cut capital gains tax substantially. Even with other priorities to finance – not least the NHS - we have cut capital gains tax from 40 pence down to 10 pence for long term business assets and in budget after budget I want us to do even more to encourage the risk takers, those with ambition, to turn their ideas into reality and make the most of their talents.

The question, of course, is how much risk and more importantly with whose money. It still is, however, a good quote to identify.

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