The Conservative Party always opposed the fiscal stimulus; they want to cut now the support we are giving to jobs, homes and businesses.<p>A few days ago they said they want to tear up the 2010 budget, impose deep cuts immediately and accused us of moral cowardice for not doing so. Of course, typically of them, they called for big cuts before they called for small cuts before they called for modest cuts before they called for big cuts yet again.<p>So their biggest claim to be the party of change is that they are the Party that keeps changing their minds.

If this referendum is about anything it is about what kind of Britain we are and what kind of Britain we aspire to become. We should be a leader in Europe, not simply a member. We should not be fully out and we should not be half out. We should be fully in. We should recognise that the world has changed since the first referendum and we should be advocates for cooperation in an inter-dependent world.

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I understand that in the UK there have already been 10,000 complaints from viewers about these remarks, which people see, rightly, as offensive. I want Britain to be seen as a country of fairness and tolerance. Anything detracting from this I condemn.

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David Blunkett and I both take the same view that it is scandalous that someone from North Tyneside, Laura Spence, with the best qualifications and who wants to be a doctor, should be turned down by Oxford University using an interview system more reminiscent of the old school network and the old school tie than justice. It is about time for an end to that old Britain where what matters more are the privileges you are born with, rather than the potential you actually have.

I have just accepted the invitation of Her Majesty The Queen to form a Government. This will be a new Government with new priorities and I have been privileged to have been granted the great opportunity to serve my country and at all times I will be strong in purpose, steadfast in will, resolute in action in the service of what matters to the British people, meeting the concerns and aspirations of our whole country.