first page of the agreement we signed says deficit reduction and continuing to ensure economic recovery is the most urgent issue facing britain. of course, the question i get asked already already already all the time is where is the growth would come from course a mark of was asked this question in my very first press conference as chancellor birds certainly we can no longer rely on an ever increasing public expenditure or dead-fuelled consumption to drive growth. over the past decade, over half of all jobs created were associated in some way with public spending. over the past decade, business investment grew at about 1% each year, only a quarter of what it was in the 1990 s. of course we were not the only country affected by the financial crisis. but our consumers became the most indebted, our banks became the most leverage, and our government borrowed more of a portion of its economy than any other country of a similar size. so britain does need a whole new model of e