george osborne was the master of that austerity plan. he is the chancellor of the exchequer. he joined me here in new york. thank you, george osborne, for joining us. let me ask you to begin with you've been touting britain's growth. you've written an op-ed in the wall street journal. of course there are a lot of people who say britain's recovery has been very weak. the weakest in g-7 other than italy and there is a specific charge made, which is that it was your austerity program, especially the spending cuts, that is responsible for this weak recovery. let me read to you something larry summers said on british television. he said britain's economic policies, meaning yours, are powerful test of the efficacy of determined resolute austerity. and the results so far certainly have not been encouraging to advocates of that strategy. what is your response?