What we're putting forward is the most radical reform of the welfare state... for 60 years. I think it will have a transformative effect in making sure that everyone is better off in work and better off working rather than on benefits.
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I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.