Jeremy Hunt

You were in government for 14 blooming years.

You look at that 14 years, growth remained anemic.

A doctor earning 100 grand, the state was borrowing 25 grand to be paid by future generations to pay that doctor's salary.

Normally you'll get a kind of gimmicky announcement at a budget...

There's too much gimmicks on all sides in politics.

Empowering regional mayors to sort out problems like properly transforming the welfare system so that people have incentives to take jobs and not remain parked on welfare.

And let me just explain that because...

In the Oak Panel dining room, if I remember rightly.

I'm going to take all the credit I can because we don't get very much involved.

And you sound exactly like I sounded when I was Chancellor.

I would go around saying, you know, we're doing so well in Britain.

We've grown faster than France, Italy, Germany, Japan.

And, you know, we are doing well by international standards.

But the truth is, yes, of course, compared to lots of countries in the world, we are wealthy.

But do people feel wealthy?

But I'm agreeing with you.

And the truth is they don't.

And so when I say, can we be rich again?

Yes, it's a kind of snappy way of encapsulating that sense people have that our wealth is going down.

And what is the big reason for that?