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

More quotes by George Osborne

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One big theme for me is that we have got to move from an economy built on debt to one where we save and invest in the future.
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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I understand the damage the expenses crisis has done to Parliament, and the paramount importance of restoring trust in our politics.
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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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I have done everything I can to move Britain out of the financial danger zone.
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We will also target tax evasion and off-shore tax havens... Everyone must pay their share.
George Osborne
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I want Britain to be the home of successful competitive and stable financial services.
George Osborne
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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.
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There are those people who don't want change. Well there needs to be a coalition for change amongst the hard-working mainstream majority of the country to crack on and sort out Britain's problems.
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British taxpayers should not bear the costs of problems in the Eurozone.
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You cannot tackle Britain's debts without tackling the unreformed welfare system.
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Britain has no divine right to be one of the richest countries in the world.
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What makes people angry and we are on the side of hard-working people who want to get on in life and they see how government is wasting their money.
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The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.
George Osborne
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I reject absolutely the idea that people should know their place, and know their class.
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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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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 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 very much support financial education in schools.
George Osborne
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I want to see genuine talent rewarded.
George Osborne