Our first benchmark is to cut the deficit more quickly to safeguard Britain’s credit rating. I know that we are taking a political gamble to set this up as a measure of success. Protecting the credit rating will not be easy The pace of fiscal consolidation will be co-ordinated with monetary policy. And we will protect Britain's credit rating and international reputation.

I find China such a fascinating and interesting country. Each time I come back something has changed and it's moved on in leaps and bounds.

I want Britain to be the home of successful competitive and stable financial services.

Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.

I reject absolutely the idea that people should know their place, and know their class.

I think you can look at the British economy with confidence.

Well British pension funds have not been investing the savings of British people in British infrastructure.