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We need to think deeply about whether we can sustain banks that are not only too big to fail, but potentially too big to bail.

George Osborne

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George Osborne
Age: 53
Born: 1971
Born: May 23
British Politician
Economist
Historian
Journalist
Politician
Writer
George Gideon Oliver Osborne
Bigs
Bail
Need
Potentially
Needs
Sustain
Think
Banks
Thinking
Deeply
Fail
Failing
Whether

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What's interesting is whilst Shanghai has gone stellar - literally, in these massive buildings which have appeared since I first visited - Beijing has become a much more vibrant and interesting place. A lot more business is done here.
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The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.
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There is a big problem. The problem is the country borrowed too much. We went on a borrowing binge, there was a housing boom. You want to help people de-leverage and deal with those debts over time.
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We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.
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We support the auto-enrolment but we have our doubts about the way the National Pension Scheme is going to be structured.
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I'm not saying job done but I am actually pretty confident that Britain can be one of the biggest winners from these big global changes that are taking place and indeed become the richest of the major economies in the world in this coming generation.
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The Foreign Office is a very important arm of the British state and I think Britain has a fantastic diplomatic service. We are the only country in the world spending 2% of our national income on defence and 0.7% of our national income on aid. We are the only country in the world doing both of those things.
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You know the illusion of the cheap money is over and now Britain has to go out there and graft and earn its way and create wealth and prosperity in a very competitive world.
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Put on top of that the fact that the whole world is looking at Britain and saying how is this country going to pay its way in the future. They are looking at other countries like Greece who can't pay their way in the future and you see savage spending cuts, big cuts in pay.
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I would also like to see children aged between 11 and 18 taught financial education in a structured way in schools. I would also say that that is not enough. You have also got to improve numeracy skills, mathematical skills in schools.
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I believe that I'm entitled to regard my pre-political life as off-limits in terms of what can be looked at and judged.
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You also want to look at how the tax system encourages and rewards pension saving. I have set as an ambition reversing the effects of Gordon Brown's tax raid which heralded the beginning of the age of responsibility. We are looking at some very specific tax measures on how we can encourage saving.
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I want Britain to be the home of successful competitive and stable financial services.
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We have supported the banks, they should be supporting the economy now.
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Tax cuts should be for life, not just for Christmas.
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We want people to have a stake in the British economy so I am in favour of actually encouraging people to have small shareholdings and feel they've got a stake in our economic future.
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The Conservative Party mustn't sound like the old man on the park bench who says things were better in 1985, or 1955, or 1855.
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There are plenty of people who don't want change - the Labour Party, some of their militant trade union friends like Unite busy causing strikes at the very beginning of a fragile recovery.
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If you're looking for ways to cut waste in government, you can start with John Prescott.
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I very much support financial education in schools.
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