I would also like to see children aged between 11 and 18 taught financial education in a structured way in schools. I would also say that that is not enough. You have also got to improve numeracy skills, mathematical skills in schools.

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.

I think the British people have a strong sense of what is fair.

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.

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

One of the big problems we have in this country is that not enough people understand how important it is to save, understand the details of credit card statements, to be able to compare different APRs and the like. I support the idea.

Britain should not be forced to make a choice between joining the single currency and leaving the EU, because if we're forced to make that choice we would leave the EU.