Brown made it clear the days of the quick buck are over, promising 'to sweep aside the old cosy cartels, the complacent old-boy networks, in favour of enterprise open to all'. Hinting the incentives would be targeted at the industries of the future, he said: 'Companies, indeed countries, which fail to adapt, reform and lead the way will simply be left behind.' His enemy was not markets and profits but monopoly, privilege and greed. He said: 'Too often in the old Britain, Conservatism exulted a closed system of enterprise for the few and put the speculator above the long-term investor and entrepreneur.' He saved actual tax details for the next Budget, but made his direction clear by declaring: 'In the new Great Britain we are creating, we are rewarding long-term investment with a lower long-term rate of capital gains tax.' Brown also targeted the financial services sector, making it clear he will ensure transparency as well as competition. He said: 'We will expose and end anti-competitive practices. We will stand on the side of consumers, and for the first time publish league tables comparing all the key charges for financial services.' Advisers made it clear he is not just thinking of the banks but also insurance companies, pensions providers, investment and financial advisers.
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