Tories will 'attack' regulation to restore savings - Osborne

clock

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 Bro...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Inflation falls faster than predicted ahead of BoE interest rate vote

Inflation falls faster than predicted ahead of BoE interest rate vote

3.2% in November

Michael Nelson
clock 17 December 2025 • 2 min read
FCA's Rathi addresses Autumn Budget market abuse concerns

FCA's Rathi addresses Autumn Budget market abuse concerns

Pens open letter to Treasury Committee

Isabel Baxter
clock 04 December 2025 • 2 min read
More tax, less shelter: A slow-burn Budget for savers and investors

More tax, less shelter: A slow-burn Budget for savers and investors

'The Budget documents make for sobering reading for those trying to build up their wealth'

Laith Khalaf
clock 04 December 2025 • 3 min read