The foundations of a strong economy don't rest alone on the decisions of Chancellors or the spending programmes of government.

If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.

It's normally the kiss of death to be identified as a rising star, or someone to watch.

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.

I had the closest thing I have ever had to an out-of-body experience lying in bed one morning. I turned on the 'Today' programme and item four on the news was: 'The shadow chancellor has ruled himself out of the leadership.' I lay there thinking that's interesting, then I realised it was me.