Gordon Brown in June 2005 giving the Chancellor's annual speech to the City at the Mansion House (.....) paid lavish homage to 'your unique innovative skills, your courage and steadfastness'. They had his personal thanks 'for the outstanding, the invaluable contribution you make to the prosperity of Britain'. (.....)Gordon Brown surpassed himself when he returned in 2007 to deliver his final Mansion House speech (.....) 'A new world order has been created,' he proclaimed. Britain was 'a new world leader' thanks to 'your efforts, ingenuity and creativity'. He congratulated himself for 'resisting pressure' to toughen up regulation of their activities. Everyone needed to follow the City's 'great example', emulate this 'high value-added, talent-driven industry'. 'Britain needs more of the vigour, ingenuity and aspiration that you already demonstrate.' Thanks to their 'remarkable achievements', we had the huge privilege to live in 'an era that history will record as the beginning of a new Golden Age'.(.....) What he then hailed as a 'Golden Age', the Prime Minister now deplores as an 'Age of Irresponsibility'.
he trumpeted 'the victory of capitalism, privatisation and liberalisation'. (.....) It proved that 'light regulation' and 'low regulation' were 'keys to success'.(.....) In September 2007, Mr Cameron (.....) chose to amplify his thesis about the ascendancy of unconstrained capitalism. In a section entitled 'The End Of Economic History?', he answered the question by declaring that: 'The debate is now settled.' 'Liberalism' had prevailed. The left's silly idea that markets required tight regulation had been thoroughly discredited. 'The result? The world economy more stable than for a generation.'