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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 did meet Mickey Mouse in California, and he seems to be writing the Labour party's economic policy at the moment.
George Osborne
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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.
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.
George Osborne
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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.
George Osborne
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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.
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.
George Osborne
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I want to see genuine talent rewarded.
George Osborne
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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 very much support financial education in schools.
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.
George Osborne
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Britain is China's best partner in the West.
George Osborne
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Tax cuts should be for life, not just for Christmas.
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
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Well look, no one takes pleasure from people making money out of the misery of others, but that is a function of capitalist markets.
George Osborne
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We have supported the banks, they should be supporting the economy now.
George Osborne
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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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The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.
George Osborne
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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
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We need a coalition in this country. A coalition of change. People who have had enough of this.
George Osborne
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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