Britain has no divine right to be one of the richest countries in the world.

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.

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.

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.

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.

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.

Everyone in our society has had to make a contribution towards dealing with the debts.