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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.

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
Much
Deal
Binge
Time
Deals
Leverage
People
Went
Debts
Help
Boom
Bigs
Borrowing
Helping
Borrowed
Problem
Housing
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Debt

More quotes by George Osborne

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I would say I have taken substantive action to make things easier for people.
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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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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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Britain cannot afford to cut itself off from what is going on in the world, we are too interconnected with what is going on, we have a powerful history and tradition of taking an interest in what is going on in the world, we've also got a very real interest in the future, in remaining connected.
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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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You cannot tackle Britain's debts without tackling the unreformed welfare system.
George Osborne
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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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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.
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We will also target tax evasion and off-shore tax havens... Everyone must pay their share.
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The British people think that if someone is disabled, then they should get all the care and support that we can offer.
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I think it is absolutely central to our economic plan as a country not only that we put our own house in order but that we better connect ourselves with other parts of the world, particularly the faster growing parts of the world.
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I reject absolutely the idea that people should know their place, and know their class.
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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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I very much support financial education in schools.
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I'm fed up with Britain being condemned to this future where we borrow the Chinese in order to buy from the Chinese the things that they make for us.
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I have done everything I can to move Britain out of the financial danger zone.
George Osborne
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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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If we don't get a grip on government spending, there will be no growth.
George Osborne
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Britain wants the single currency to be a success. It is massively in our interests that we have a stable financial system on our doorstep.
George Osborne