I think Britain needs to get out there on the world stage and make itself heard. And for much of my political career, there has been a sense of retreat from the world stage because of what happened in the Iraq War.

Whether [people] run their own business, work for a business, go out there, pay their taxes and see the money wasted, fed up with the money going to the next door neighbor sitting permanently on out of work benefits. There needs to be a coalition of change.

The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

The Foreign Office is a very important arm of the British state and I think Britain has a fantastic diplomatic service. We are the only country in the world spending 2% of our national income on defence and 0.7% of our national income on aid. We are the only country in the world doing both of those things.

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.

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.

You know the illusion of the cheap money is over and now Britain has to go out there and graft and earn its way and create wealth and prosperity in a very competitive world.