I am sorry to upset my colleagues by saying we wasted four years in opposition, but if you do get so badly defeated as a party you do have to face up to some painful facts and you do have to change.

I have acquired a deep and abiding respect for all those engaged in the difficult business of commerce.

However, we do not lack anti-terrorist laws. I do not believe that the recent London bombs were the result of any deficiencies in our legal system.

I look forward to the day when the Westminster Parliament is just a council chamber in Europe

Of course I'd have loved to be Prime Minister. But I'm not nursing a grievance.

The political health of Britain has deteriorated very sharply. The Conservative Party must do something about it. I am the man to do it.

It would be immoral to walk away from the consequences of our actions, leaving behind anarchy and civil war in Iraq.