George Osborne has stressed that Britain needs to move from an economy built on debt to one “powered by savings and real returns on effort”.

“With reform we can not only live within our means, we can start to tackle Britain’s long standing social problems of welfare dependency, educational under-achievement, crime and persistent poverty. And we can begin to bring the national debt under control.”

via The Conservative Party | News | News | A different vision for our economy . Full text of the speech here.

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