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We suffered the biggest recession in modern times, he says.
The consequence is not just the biggest recession since the 1930s.
"The economy has returned to growth after the biggest recession in our history.
Memories of the biggest recession since the 1930s are finally banished.
Osborne says in 2008 there was the biggest recession and the biggest banking crisis in history.
He was in charge when the biggest recession in 300 years came.
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Archives|Headliners; Who's Afraid of the Big, Bad Recession?
Headliners; Who's Afraid of the Big, Bad Recession?
He said: "What we've done, with one of the biggest recessions this country has ever faced, is we've got the economy back on track and we've done it fairly".
It would take a very big recession indeed to wipe out those gains.
Yes, the nation has had a big recession, but recessions typically tend to lessen inequality rather than increase it.
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