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.

I understand the damage the expenses crisis has done to Parliament, and the paramount importance of restoring trust in our politics.

The positive news is that the British economy is continuing to grow and is creating jobs. And it is positive news too that at a time of real international instability we are a safe haven in the storm.

Everyone in our society has had to make a contribution towards dealing with the debts.

A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.

I think the British people are very, very attached to the idea that the health service is free at the point of use. But there is no reason why every doctor, nurse and teacher in this country has to be employed by the state.

I understand the damage the expenses crisis has done to Parliament, and the paramount importance of restoring trust in our politics.

Tax cuts should be for life, not just for Christmas.