It's time we admitted that there's more to life than money, and it's time we focused not just on GDP, but on GWB - general well-being.

We spend billions of pounds on welfare, yet millions are trapped on welfare. It's not worth their while going into work.

The world economy is more stable than for a generation ... Our hugely sophisticated financial markets match funds with ideas better than ever before.

I know that the United Kingdom is sometimes seen as an argumentative and rather strong-minded member of the family of European nations. And it's true that our geography has shaped our psychology. We have the character of an island nation - independent, forthright, passionate in defence of our sovereignty.

But we will say something else. That for far too long in this country, people who can work, people who are able to work, and people who choose not to work: you cannot go on claiming welfare like you are now.

It’s probably the most unpopular policy I’m responsible for. I know it is very unpopular, culling badgers. But I believe it is the right thing to do. You have to make choices as a politician. Sometimes it means doing something you know people don’t like.

Britain is not in the single currency, and we're not going to be. But we all need the eurozone to have the right governance and structures to secure a successful currency for the long term.