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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
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Leverage
People
Went
Debts
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Boom
Bigs
Borrowing
Helping
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Housing
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Binge
More quotes by George Osborne
British taxpayers should not bear the costs of problems in the Eurozone.
George Osborne
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.
George Osborne
A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.
George Osborne
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
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.
George Osborne
I get a lot of letters from people.
George Osborne
I did meet Mickey Mouse in California, and he seems to be writing the Labour party's economic policy at the moment.
George Osborne
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.
George Osborne
We should be looking at putting a limit on the interest that can be charged on things like store cards.You don't want to end up with totally draconian credit controls but you want some common sense. We want cooling-off periods for store cards so people can't take them out and go straight to the counter and buy things.
George Osborne
Britain should not be forced to make a choice between joining the single currency and leaving the EU, because if we're forced to make that choice we would leave the EU.
George Osborne
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.
George Osborne
You need to have a state pension that doesn't drag more and more people into means-testing each year and make it very difficult for people on low to medium term incomes to save and not see their savings clawed away.
George Osborne
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.
George Osborne
I believe in public services.
George Osborne
I think we woefully failed to connect Britain to the growing Chinese economy in the previous decade, and I have sought to remedy that. China is now the sixth biggest trading partner with the UK. We have attracted now the lion's share of Chinese investment that is going into Europe.
George Osborne
No other chancellor in the long history of the office has felt the need to pass a law in order to convince people he has the political will to implement his own Budget.
George Osborne
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
If you're looking for ways to cut waste in government, you can start with John Prescott.
George Osborne
Establishing proper economic governance that allows the Eurozone to undertake the integration it needs whilst protecting the interests of the single market for all 28, the rights of member states who are not in the Euro - including of course the UK - is really important for the future of the European Union.
George Osborne
Britain has no divine right to be one of the richest countries in the world.
George Osborne
