The Conservative Party mustn't sound like the old man on the park bench who says things were better in 1985, or 1955, or 1855.

It is not fair that people who are born in the UK to parents who are domiciled here, can later in life claim to be non-doms and live here, it is not fair that non-doms with residential property here in the UK can put it in an offshore company and avoid inheritance tax.

I see no real argument in Britain that is concerned that an Indian company owns our most successful car manufacturer or that the sewer system under London is being renewed in part by Chinese investment. There are the odd voices that express concern but they are very marginal and they are not being listened to by the British people.

One big theme for me is that we have got to move from an economy built on debt to one where we save and invest in the future.

We have supported the banks, they should be supporting the economy now.

You also want to look at how the tax system encourages and rewards pension saving. I have set as an ambition reversing the effects of Gordon Brown's tax raid which heralded the beginning of the age of responsibility. We are looking at some very specific tax measures on how we can encourage saving.

Cutting budget deficits can never be just an exercise in economics.