George Osborne - Treasury

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Last quote by George Osborne

Whoever is Chancellor after the election will need to employ robust fiscal measures to tackle the massive level of public indebtedness we currently see today. While Brexit may dominate the pre-election narrative, it is equally important that all party manifestos tackle structural problems that plague the UK's economy – including the longstanding problems of Government spending more that it earns and a lack of incentives to drive economic growth.feedback
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Apr 25 2017 Brexit
George Osborne has been quoted 113 times. The one recent article where George Osborne has been quoted is UK's deficit slashed to level last seen before the financial crisis. Most recently, George Osborne was quoted as having said, “Whoever is Chancellor after the election will need to employ robust fiscal measures to tackle the massive level of public indebtedness we currently see today. While Brexit may dominate the pre-election narrative, it is equally important that all party manifestos tackle structural problems that plague the UK's economy – including the longstanding problems of Government spending more that it earns and a lack of incentives to drive economic growth.”.
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George Osborne quotes

In my view this parliament is enhanced when we have people have of different experience take part in our robust debate and when people who have held senior ministerial office continue to contribute to the decisions we have to make.feedback

I may have run a country, but I've never run a newspaper. There is a long tradition of politics and journalism mixing. One of the greatest newspaper editors ever, CP Scott, combined editing the Manchester Guardian with being an MP.feedback

It is all in a week's work as your MP. I believe this diversity of experience makes our parliament stronger. I hope you agree and I look forward to continuing to hear what you have to say and to work with you on the problems we face.feedback

He's a highly capable guy and it should make politics more interesting. If it isn't, we'll be quick to say so.feedback

Charlotte Hogg is a real loss to public life. Would she have gone if she had been an older man whose sister worked at a bank? I wonder.feedback

We should not be heading off into the wilderness at the same time as our opponents are. We should be staying very firmly rooted in the centre, but that's not a static thing.feedback

Growing up as a Londoner, I've always known that the Evening Standard is an institution that plays a huge part in the life of the city and its people. We will judge what the government, London's politicians and the political parties do against this simple test: Is it good for our readers and good for London?feedback

There were plenty of copies of the Tory manifesto hanging around in the Treasury during his day and they were regularly looked at.feedback

BlackRock wants better outcomes for pensioners and savers – and I want to help them deliver that.feedback

As a member of parliament I disclose all my earnings. I think it's quite right that people can see what I do and what I am paid and so on. I was chancellor of the exchequer working seven days a week, and now I'm a backbench MP I made a decision to remain in politics and public life because I wanted to go on contributing to the discussion about helping to improve our country.feedback

I expect to be paid 162,500 pounds a quarter in return for a quarterly commitment of 12 days. I also expect to receive registrable equity in BlackRock in the future.feedback

Good luck Philip with the first of what I hope will be many successful budgets. Standing there with that red box is quite a moment. Enjoy it!feedback

Now is not the time for further police cuts. Now is the time to back our police and give them the tools do the job. I am today announcing there will be no cuts in the police budget at all. There will be real-terms protection for police funding. The police protect us, and we're going to protect the police.feedback

Let's make sure that we go on doing trade with our biggest export market, otherwise withdrawing from the single market will be the biggest act of protectionism in British history.feedback

You can't say we are beacon of free trade in the world and the main thing you achieve is a huge act of protectionism, the biggest in British history.feedback

Our policy is to raise from the ruins of an economy built on debt. A new, balanced economy, where we save, invest and export; an economy where the state does not take almost half of all our national income, crowding out private endeavor.feedback

(But) we'll need to reshape our approach to fit it for the new circumstances we are facing.feedback

The coalition government has inherited from their predecessors the largest budget deficit of any economy in Europe, with the single exception of Ireland. One pound in every four we spend is being borrowed. What we have not inherited from our predecessors is a credible plan to reduce their record deficit-this at the very moment when fear about the sustainability of sovereign debt is the greatest risk to the recovery of European economies.feedback

While Britain's decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business.feedback

But we have got to make sure we are as close as possible to our European allies and that they remain not just key friends and strategic partners but also a crucial export market.feedback

The referendum result is "likely to lead to a significant negative shock for the British economy. We will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade.feedback

The candidate who is able now to articulate, in my view, the clearest, crispest version of what relationship we are seeking, which in my view involves the best possible terms of trade for services and goods, is the candidate I think who can lead the country.feedback

It is very clear "that the country is going to be poorer.feedback

We are in a prolonged period of economic adjustment in the UK, we are adjusting to life outside the EU and it will not be as economically rosy as life inside the EU. I think we can provide a clear plan.feedback

Only the UK can trigger Article 50. And in my judgement, we should only do that when there is a clear view about what new arrangements we are seeking with our European neighbours.feedback

Related VideoLondon's French fear 'Brexit' fallout"Our economy is about as strong as it could be to confront the challenge our country now faces.feedback

Those markets may not have been expecting those referendum results but the Treasury, the Bank of England and the Financial Conduct Authority have spent the last few months putting in place robust contingency plans for the immediate financial aftermath in the event of this result. We and the PRA, (The Prudential Regulation Authority), have worked systematically with each major financial institution in recent weeks to make sure they were ready to deal with the consequences of a vote to leave.feedback

It will not be plain sailing in the days ahead. But let me be clear, you should not underestimate our resolve. We were prepared for the unexpected and we are equipped for whatever happens and we are determined that, unlike eight years ago, Britain's financial system will help our country deal with any shocks, and dampen them, not contribute to those shocks or make them worse.feedback

There will have to be action to deal with the impact on the public finances, but of course it's perfectly sensible to wait until we have a new prime minister to determine what that will look like.feedback

Let's take the mid range of what the impeccably independent Institute for Fiscal Studies says there would be in terms of a black hole in the public finances. The mid range, not the worst case, the mid range, is a 30 billion pound hole in the public finances. This would be a permanent and structural hole. We couldn't just borrow more money to tide ourselves over.feedback

I would have a responsibility to try to restore stability to the public finances and that would mean an emergency budget where we would have to increase taxes and cut spending.feedback

Look, of course we stand by what we said when he made it clear that he didn't want to have Muslims coming into the United States and both myself, David Cameron and others were pretty clear that was not a view we supported but he is an American presidential candidate and we will talk to him because it is in our interest to talk to our allies like the United States of America.feedback

Homeowners would face a "significant hit" from lower house prices and higher mortgage costs if voters decided to leave the European Union in a referendum in June. This isn't just a big question about who we are as a country. This goes to the heart of people's financial security.feedback

It should be clear to all countries and tax jurisdictions that the world is moving firmly in the direction of greater tax transparency. The UK will continue to push for an internationally agreed blacklist for those that refuse to do the right thing.feedback

Michael brings a wealth of economic experience both on the UK and global economy and will make a strong addition to the MPC.feedback

Today we deal another hammer blow against those who would illegally evade taxes and hide their wealth in the dark corners of the financial system. Britain will work with our major European partners to find out who really owns these secretive shell companies and the trusts that have been used as conduits for evading tax and benefitting from corruption.feedback

It will be assessed on the volume of the sugar sweetened drinks they produce or import. There will be two bans: one for total sugar content above five grams per 100 millilitres; a second higher band for the most sugary drinks with more than eight grams per 100 millilitres.feedback

In short, the hopes of a stronger global recovery have evaporated.feedback

The Treasury will offer a guarantee to bidders whose projects meet UK priorities and value for money criteria, that if they secure multi-year EU funding before we exit, we will guarantee those payments after Britain has left the EU, protecting British jobs and businesses after Brexit.feedback

We'll set it out, if we need to, how we'll reduce spending, but the first place I look to is further efficiencies in government.feedback

(We) may need to undertake further reductions in spending because this country can only afford what it can afford and we will address that in the budget.feedback

With risks facing global economy most heightened since crash, now would be worst time for UK to take gamble of EU exit.feedback

This is about people's jobs and their livelihoods and their living standards and in my judgment, as chancellor, leaving the EU would represent a profound economic shock for our country.feedback

Bailey's appointment was an important step in establishing the watchdog as a "strong regulator, independent of government and industry.feedback

Across the globe over a billion people are infected with malaria and it's a cause of both untold misery and lost economic potential.feedback

I don't think it's harming the U.K economy because the most recent numbers this week show we're creating jobs, employment is at a record high, we are getting a lot of investment. Do I think getting this relationship right?is important to our economy, yes I do.feedback

He will nominate Christine Lagarde for a second term as managing director of the International Monetary Fund. At a time when the world faces what I've called a dangerous cocktail of risks, I believe Christine has the vision, energy and acumen to help steer the global economy through the years ahead.feedback

The National Living Wage will help firms by addressing historic weaknesses in the British economy. Low wages mean little investment in the skills of too many of our workers.feedback

There are also changes that mean the EU is more flexible and accommodates differences, so that Britain – who is not in the euro and doesn't want to be part of an 'ever closer union' – can have its national interest respected.feedback

That's why I'm extending the plan for six months so that we can make even more progress in returning money to the taxpayer and paying down the national debt.feedback

Today I can confirm in the last year we have grown faster than any other major advanced economy in the world, no unfunded spending, no irresponsible extra borrowing for no short term giveaway can ever begin to help people as much as the long term benefits of a recovering national economy.feedback

The stand-between Greece and the eurozone is the greatest risk to the global economy, it's also a rising threat to the British economy. I said to the Greek finance minister to act responsibly but it's also important that the eurozone has a better plan for jobs and growth.feedback

Welcome news with family budgets going further.feedback

We have halved the bill, we have delayed the bill, we will pay no interest on the bill, and if there are mistakes in the bill we will get our money back. We have also changed permanently the rules of the European Union so this never happens again.feedback

What you need to know about David Cameron and the Conservatives is that we will fight for Britain's interests. We will make sure that Britain gets a fair deal in Europe and we will make sure that the British people have a final say in a referendum.feedback

The UK is not immune to weakness in the euro area and instability in global markets, so we face a critical moment for our economy.feedback

Think of the economic hit… of allowing international borders to be ignored, of allowing airlines to be shot down – that's a much greater economic hit for Britain and we're not prepared to allow that to happen.feedback

I want to make sure that the Bank of England has all the weapons it needs to guard against risks in the housing market.feedback

Of course sanctions and financial measures to deny access to money have an impact on the economies of the countries at this table, of course they do. But what would be the economic price of not seeking to uphold the rule of law in Europe?feedback

If we cannot protect the collective interests of non-eurozone member states then they will have to choose between joining the euro, which the UK will not do, or leaving the EU.feedback

It's a serious plan for a grown up country. But the job is not done. By doing the right thing, we're heading in the right direction. Britain's moving again; let's keep going.feedback

There's a bit of hyperbole on this in the last 24 hours. The relationship with the United States is a very old one, very deep and operates on many layers.feedback

There will be a national soul-searching about our role in the world and whether Britain wants to play a big part in upholding the international system.feedback

Today is an opportunity for Europe to take the fight to those who want to evade or avoid taxes, and I think there's a real opportunity for European countries to give their backing to new global standards that Britain has been pushing for at organisations like the G7 and the G8 later this year. And I think there's also an opportunity today to conclude the talks on the savings directive, which have been stuck in the European system for years and have allowed people to avoid the taxes that are legitimately owed.feedback

The countries who will be turning up represent half of the world economy. The good news is some stability and confidence has come back into the global economy but we've got much more to do and for Britain we know as we've seen over the last few years that we're very affected by what happens in our neighbours.feedback

This represents a significant step forward in tackling illicit finance and sets the global standard in the fight against tax evasion.feedback

It is taking longer than anyone hoped, but we must hold to the right track.feedback

For people serving in our military, people serving in our government in Cyprus – because we have military bases there – we are going to compensate anyone who is affected by this bank tax. People who are doing their duty for our country in Cyprus will be protected from the Cypriot bank tax.feedback

My message to the banks is clear. If a bank flouts the rules, the regulator and the Treasury will have the power to break it up altogether; full separation, not just a ring-fence. We're not going to repeat the mistakes of the past.feedback

Everyone wants to see a reduction in the EU budget. The negotiations have just started, there are 26 other countries. But let's be clear: we're not going to accept a deal that's not good for Britain.feedback

It's clear we are now reaching a critical point for the eurozone. The eurozone countries need to stand behind their currency, or face up to the prospect of Greek exit. The British government is doing contingency planning for all potential outcomes; it is our responsibility to ensure that while we work for the best, we prepare for something worse.feedback

We must stick to the course so that there will be no deficit-funded giveaways today. But because we have taken difficult decisions, nor do we need to tighten further. Over the five-year period, this is a fiscally neutral budget, and this is achieved through a modest reduction in both taxation and spending.feedback

This investment is good news for both the British and Chinese economies.feedback

There's enormous instability in the euro area, there's a big argument in the United States at the moment about debt and here in Britain we've got a plan that has provided stability in a very unstable world and has brought our interest rates down and, you know, that has helped the economy grow.feedback

There is no question of changing a fiscal plan that has established international credibility on the back of one very cold month.feedback

I think the VAT rise is a tough, but necessary step in getting Britain back on the road to economic recovery.feedback

Because Britain is not part of the euro, I didn't want to be part of the euro bailout element of this. I wanted Britain to do its bilateral commitment to Ireland, because Ireland is a close neighbour. It's in Britain's national interest.feedback

If you want to deal with some of the big challenges facing the economy of the world and indeed some of the great challenges that advanced Western economies face in terms of creating growth and creating jobs, well China is part of the answer not part of the problem.feedback

I think there is a huge potential at this stage of our countries' economic development for an expanded economic and commercial relationship.feedback

Look, what I'd say is we are dealing decisively with this country's debts, which we inherited from the last Labour government, and if we don't take this road, this country will face economic ruin.feedback

Those decisions were taken and the banking system in Britain is much more stable than for example the banking system in Ireland.feedback

I am certainly not expecting and I have no indication at all that any British bank needs any further support.feedback

I'm absolutely clear: Tuesday's got to be a moment when Britain looks itself in the face and says 'we are going to deal with the problems of the past, we are going to pay for the bills of the past and we're going to plan for a brighter future. That's what this budget is about.feedback

This new coalition is founded on an agreement to significantly accelerate the reduction in the deficit – starting this year. This is not about party interest but about the national interest. The advice we have received to from the Treasury and the Bank of England make that clear.feedback

This is a one-off change only, for this year only. He serves up a compensation con after a tax con and expects people to believe it. What utter cynicism. What total incompetence. And what a complete humiliation for this Chancellor of the Exchequer!feedback

The Labour party is in an open civil war, if they can't govern themselves they can't govern the country.feedback

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