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.

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.

There are those people who don't want change. Well there needs to be a coalition for change amongst the hard-working mainstream majority of the country to crack on and sort out Britain's problems.

We have to be pretty tough with mortgage companies and say you have got to give people the chance to work out their debts, sort out future mortgages.

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

Every day as Chancellor I see alerts telling me of risks around the world.

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