George Osborne Quotes About Economy
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We want people to have a stake in the British economy so I am in favour of actually encouraging people to have small shareholdings and feel they've got a stake in our economic future.
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I think we woefully failed to connect Britain to the growing Chinese economy in the previous decade, and I have sought to remedy that. China is now the sixth biggest trading partner with the UK. We have attracted now the lion's share of Chinese investment that is going into Europe.
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Even a China growing at 7% or indeed less is still adding to the world economy an economy equivalent to the UK or more.
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I think you can look at the British economy with confidence.
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We can help people. We have got to move this economy from its over-dependence on debt. People should have manageable debts, a manageable mortgage.
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I think essentially if you look at British public debate around the issues of our interconnectedness with the global economy you do not find a ready audience, of any large scale, for pulling up the shutters.
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What I'm interested in is Britain projecting itself abroad, and through that its values and the things it holds dear. And I don't think you do that by refusing to talk to the world's second-largest economy [China]. In fact, that is positively counter-productive in my view.
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One big theme for me is that we have got to move from an economy built on debt to one where we save and invest in the future.
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The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.
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At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.
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Of all the public services, education is the one I'm most interested in. You get a more dynamic economy, you deal with most social problems, and it's morally right.
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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.
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The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.
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We have supported the banks, they should be supporting the economy now.
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