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.

I am happy for there to be a leadership contest. I think there should be.

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

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.

Once government's objectives were economic growth and social cohesion. Now they are prosperity, fairness and environmental care

I think that's a bit unfair. I'm a father with a 2-year-old child and I feel pretty young, actually.

You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.