he's getting significant applause from certain cycles because of austerity budgeting that he and george osbourne have called on britain to make. >> yes. >> rose: to live with. >> yes. >> rose: is fully funding-- >> science. >> rose: science. what is it about david cameron that made him a believer? >> okay, so he had a science minister, david willets, but a number of us-- including myself, actually-- had a lot of discussion at different levels of government, including with david cameron, and persuaded him that science and knowledge is the basis of innovation, and innovation is the basis of economic growth. >> rose: economic growth. >> and if you switch off the knowledge machine, you will switch off ultimate growth. and they bought into that as they should have done. >> rose: that's part of what the president emphasizeed in his state of the union speech. >> he did. >> rose: what's the difference in cameron and obama? >> well, i think-- i think we-- i think the problem here is you have to have a long-term view. so the obama stimulation money, though very welcomed, was for a two-year period, and it'

this is just over two hours. >> can i now call the right honorable george osbourne. >> thank you, mr. deckty speaker. -- deputy speaker. last year's emergency budget was about rescuing finances and paying for the mistakes of thei past. today's budget is about reforming the nation's economy so that we have enduring growth and jobs in the future. and it's about doing what we can to help families with the cost of living and the high price of oil. we understand how difficult it is for so many people across ouu country right now that we are able, now, to set off on the route from rescue to reform and from reform to recovery is because of the difficult decisions we've already taken. of the difficult decisions we have already taken. those decisions have fought economic ability. and without stability there can be no sustainable growth and no new jobs. without stability governments have to keep coming back to their citizens for more, more taxes and more spending cuts, in britain we do not have to do that today. we have inherited a record budget deficit, but we have set out a credible comprehen

george osborne the headline u.k. osbourne's unveils pro growth budget ok so it's a program of budget in the u.k. george or osborne u.k. finance minister unbuilt on wednesday what he described as a pro growth budget extensive tax rises now we call those tax increases the estate is british newspaper extensive tax rises and spending cuts announced last year had brought economic stability said but the package unveiled in the annual budget was fiscally neutral with tax rises for banks oil companies and electricity generators offset by tax cuts for other companies or smokes of small companies motorists and middle income households in the u.k. they just jacked the taxes up on the rich people the banks the zero companies and here were saying oh you know exxon mobil paid nothing in taxes nothing in tax the most profitable corporation has for the world and you wonder why us and kind of started to get a little upset i think personally that this wouldn't happen if you k. on credit had been out there good on em. there is no more glaring exa