The Conservatives will launch an ‘attack on regulation' and work to restore Britain's savings rates if the party wins the General Election, George Osborne says.
The Shadow Chancellor says today Labour has neglected savings, creating a poorly-balanced economy.
He also revealed the Conservatives plan to scrap the compulsory annuitisation rule at age-75.
Setting out eight benchmarks, which he says the public can use to measure Tory success on the economy, Osborne attacked Labour's record on savings.
In a speech given at London's British Museum, he says a Conservative Government would attempt to rebalance the UK's economy by focusing on exports instead of imports and savings instead of debt.
"Britain's savings levels fell under Gordon Brown, but we will launch an attack on regulation and introduce measures to restore savings levels," he says.
Other benchmarks against which Osborne says he can be measured include attempts to restore macroeconomic stability and efforts to maintain Britain's credit rating.
He also promised to improve the UK's global ranking for tax competitiveness, simplify the tax system and abolish the tripartite system of financial regulation, giving the Bank of England overall control of banking supervision.
Plans to launch a ‘green' investment bank using public and private money were also confirmed.
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