Quote

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

More quotes by George Osborne

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I get a lot of letters from people.
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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.
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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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Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.
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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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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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A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.
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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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[Banks] have a clear obligation to help get this country off its addiction to debt because they sure as hell helped to get this country addicted to debt.
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Britain has no divine right to be one of the richest countries in the world.
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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.
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I didn't come from a traditional Tory background it was urban and metropolitan.
George Osborne
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I want Britain to be the home of successful competitive and stable financial services.
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There are those who are trying to create an anti-business culture in Britain - and we have to stop them. At stake are not pay packages for a few but jobs and prosperity for the many.
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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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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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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 have done everything I can to move Britain out of the financial danger zone.
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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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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.
George Osborne