Iain Duncan Smith

Government cannot do it all. As we work hard to break welfare dependency and get young people ready for the labour market, we need businesses to give them a chance and not just fall back on labour from abroad.

I do not believe the picture that some people paint of Scottish towns dependent on welfare. Every time I come here, I meet people who are determined to get into work. Who, with the right help are desperate to get off benefits, support their family and set an example for their children.

Leverage is great when it works, and when it doesn't work, it creates a lot of issues. So I think if you limit the amount of leverage that people can borrow, or that banks can borrow, I think you'll find that you'll have a lot less issues going forward.