【正文】 nching funding for Lending
　　Last year, restructuring the Royal Bank of Scotland and firing the starting gun on the sale ofour stake in Lloyds.
　　It would be tempting this year, at the Mansion House, to pause for breath.
　　But our task is far from plete amp。 Jon Cunliffe, Ben Broadbent and Minouche Shafik, together withAndrew Bailey, plete what I immodestly think is the strongest team of any central bank inthe world.
　　The Court continues the oversight of the Bankamp。rsquo。ndash。rsquo。ndash。資料共分享，我們負(fù)責(zé)傳遞知識。英國財政大臣奧斯本在長官邸年度銀行家宴會英語演講稿　　My Lord Mayor, Ladies and Gentlemen, it is again an honour to attend this wonderful dinner and to speak to you as Chancellor for the fifth time.
　　Lord Mayor, I remember ing here to Mansion House, just weeks after the government wasformed in 20xx amp。 to give my first major speechon the task ahead.
　　I set out for you the economic plan we would follow, and I drew on the words Winston Churchillhad uttered in this very hall, to say that while Britain could not pretend our travails were at anend, we were at least at the end of the beginning.
　　In the four years since, supported by the resolution and sacrifice of the British people, wehave worked through that plan.
　　Now we are starting to see the results:
　　Britain growing faster than any advanced economy in the world.
　　A record number of people in work.
　　Now strong business investment on the back of low business taxes.
　　And a budget deficit this year set to be half what it was.
　　Last week, the IMF said that our resolute fiscal policy had been in their words an amp。 that had maintained confidence and stability in the face of the storm.
　　And I want to say to the business and financial munity: you did not waver。 the left and nowtoo the populist right amp。s problems with long term answers that will build an economy foreveryone.
　　So while I know this is my fifth speech to you as Chancellor。rsquo。ndash。ndash。rsquo。rsquo。ndash。ndash。ndash。rsquo。ndash。ndash。rsquo。ndash。 and wewant more homes built, just not next to us.
　　You can see why no one has managed yet to solve the problems of Britainamp。ndash。rsquo。rsquo。 and our economic plan will provide long term answers.
　　Hereamp。 and are forecastto stay below that peak for some years to e.
　　At the same time debtservicing costs remain at near record lows and rental yields are in linewith long term trends.
　　So there is no immediate cause for alarm.
　　Indeed the most recent data shows that mortgage approvals have actually slowed in the lastcouple of months.
　　But we need to be vigilant.
　　For there are on the horizon things that should give us some causes for concern.
　　If London prices were to continue growing at these rates that would be too fast for fort.
　　And the rate of price rises is now beginning to spread beyond London. Across the country, theratio of house prices to ines is high by historical standards.
　　And while average loan to value ratios for new lending are still well below normal, average loanto ine ratios have risen to new highs.
　　Let me spell it out: does the housing market pose an immediate threat to financial stabilitytoday? No, it doesnamp。t learn the lessons of the past.
　　So we act now to insure ourselves against future problems before they can materialise.
　　Because economic security es first.
　　The first challenge is to be clear about the issue, and we are.
　　The second is to act on it.
　　When I spoke to you in 20xx, I said one of the weaknesses of the system of financialregulation Iamp。 or had the tools to do anything about them.
　　I have changed that.
　　The new Financial Policy Committee in the Bank of England has been given the authority andthe macroprudential tools to act.
　　They have also insisted on the toughest stress tests for our banks, so that this time round theycan withstand the worst.
　　Before Christmas, the Bank acted with the Treasury to refocus the Funding for LendingScheme away from mortgages towards small business lending.
　　And earlier this year, our regulators put much more rigorous mortgage standards in place.
　　These are all important steps.
　　The