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

Change background

T
T
T

Change font

TAGS & TOPICS

George Osborne
Age: 53
Born: 1971
Born: May 23
British Politician
Economist
Historian
Journalist
Politician
Writer
George Gideon Oliver Osborne
Helping
Borrowed
Problem
Housing
Country
Debt
Much
Deal
Binge
Time
Deals
Leverage
People
Went
Debts
Help
Boom
Bigs
Borrowing

More quotes by George Osborne

Image
I understand the damage the expenses crisis has done to Parliament, and the paramount importance of restoring trust in our politics.
George Osborne
Image
Britain has no divine right to be one of the richest countries in the world.
George Osborne
Image
[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.
George Osborne
Image
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.
George Osborne
Image
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
Image
I want to see genuine talent rewarded.
George Osborne
Image
We have supported the banks, they should be supporting the economy now.
George Osborne
Image
What I'm interested in is Britain projecting itself abroad, and through that its values and the things it holds dear. And I don't think you do that by refusing to talk to the world's second-largest economy [China]. In fact, that is positively counter-productive in my view.
George Osborne
Image
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
Image
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
Image
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
Image
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
Image
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
Image
I would say I have taken substantive action to make things easier for people.
George Osborne
Image
We will also target tax evasion and off-shore tax havens... Everyone must pay their share.
George Osborne
Image
You cannot tackle Britain's debts without tackling the unreformed welfare system.
George Osborne
Image
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.
George Osborne
Image
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
Image
The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.
George Osborne
Image
Britain is China's best partner in the West.
George Osborne