Skip to main content

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.

Comments

Popular posts from this blog

NHS reorganisation No 3,493,233

Followers of my blog will have seen the NHS question about how many reorganisations have we had. We've yet another. The number of PCTs (Primary Care Trusts) nationally is to halve. This means merging East and North. (and then probably HoB and south). It would be nice if people would stick with one structure. There is a quotation ( Which sadly does not appear to be a true quotation ) We trained hard . . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization. But has to have been originated by someone. The web link shown goes through the derivation which appears to be more linked to an anonymous British Soldier WW2 than any Roman or Greek General called by a name perming 2 out of (Gaius, Galus, Petronius and Arbiter). From the...