We are pretty tough in saying for example if you've got unsecured debts and less than £25,000 that should not be an excuse for repossessing someone's home.That should not be allowed.You have got to help manage people through this process. I don't want to pretend that it is going to be easy getting out of Gordon Brown's hole.

The rise in world oil prices has been larger than anyone forecast.

Britain cannot afford to cut itself off from what is going on in the world, we are too interconnected with what is going on, we have a powerful history and tradition of taking an interest in what is going on in the world, we've also got a very real interest in the future, in remaining connected.

Well look, no one takes pleasure from people making money out of the misery of others, but that is a function of capitalist markets.

For example at the moment there is a compulsory requirement to buy an annuity. That is something we would get rid of. It puts some people off saving.

I get a lot of letters from people.

British taxpayers should not bear the costs of problems in the Eurozone.