Britain should be the world's number one center for genetic and stem cell research, building on our world leading regulatory regime in the area.

The IIFA Weekend has my unprecedented support. The relationship between India and the UK is long standing and one we would like to keep developing forever.

Rigorous financial discipline that, together with monetary stability, ends once and for all the boom and bust that for 30 years has undermined stability

We had lost the art of communication - but not, alas, the gift of speech.

Each year India and China produce four million graduates compared with just over 250,000 in Britain.

Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.

Take, therefore, what modern technology is capable of: the power of our moral sense allied to the power of communications and our ability to organize internationally. That, in my view, gives us the first opportunity as a community to fundamentally change the world.