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Conservative Party Conference: George Osborne speech; Today, as a decade of debt leaves Britain exposed to financial turbulence on the world credit markets, we can see that what was the right decision then has become the essential decision now - The queues of savers trying to take their deposits out of a high street bank was something this country hasn't seen since the Victorian age / It was a crisis that shook the stability of our financial system - And let us be clear who has to take a large part of the blame: the man who was Chancellor of the Exchequer over the last ten years / He created the system designed to stop a run on a bank - and it failed / He ran the system that was supposed to reassure savers - and it failed / He encouraged the private debt, and built up the public debt that has left us exposed - We will make sure that people understand where the responsibility for this mess lies / But as usual when things go wrong, the Prime Minister disappears and pushes out someone else to make the excuses - Isn't it ironic his latest book is called Courage? / Courage, by Gordon Brown / Next week we'll have Charisma, by Alistair Darling - We need a deposit scheme savers trust and we need to entrench the independence of the Bank of England / But the real lesson is clear: an economy built on debt is living on borrowed time / Stability underpins our economic policy / But its purpose is prosperity for all; and its method is freedom - The report from John Redwood and Simon Wolfson sets out how we liberate our economy to compete with the likes of India and China / Cut government regulation, planning restriction and red tape / Get people and goods moving freely on uncongested roads and high speed railways and Crossrail / And help businesses create jobs with lower taxes - I want lower taxes / I want simpler taxes too / That is why I set up the Tax Reform Commission / I believe lower, simpler taxes are vital for Britain to compete / And I give you this personal pr...