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" Britain is one of the world's most open economies. More dependent on trade than any other major country. Our success depends on our competitiveness and our competitiveness depends on raising our productivity, as our competitors are raising theirs. "

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" Negotiating with the Taliban must be done from a position of strength. Negotiating from a position of weakness would be a disaster. "

Philip Hammond

Weakness

Disaster

Must

" Let me be absolutely clear: I think it is defeatist to sort of say we want to leave the European Union. We're going to try and change the rules and change the way it works and change the objectives that it has in order to make it something that works for Britain. "

" The great western error about the Taliban is to assume homogeneity. "

" Talking to the Taliban is a process the Afghans have to manage. It is their country. "

" Cyber weapons provide the tantalising possibility of being able to cripple the enemy without inflicting lasting damage on them. "

" There is a real sense of anger among many people who are married that the government, any government, thinks it has the ability to change the definition of an institution like marriage. "

" We ask the military to be in a position that, if we ask them to do a task, they are absolutely able to do it for us. "

" It is a significant gamble to assume that troops in our U.K. Armed Forces would volunteer for a Scottish Defence Force. "

" The North Koreans or Chinese may have a million men in uniform but it's about how you perform. "

" You shouldn't send people out to do a job which you cannot afford to equip them to do. "

" It is not whether an independent Scotland could go it alone and develop its own defence forces - of course it could - but what sort of forces would they be? "

" While I believe firmly in open markets and free trade, I also believe an open market needs a level playing field. "

" We have got this Damocles' sword of Standard and Poor's hanging over us, with the commitment they have made to review Britain's credit rating in the summer of 2010 after the general election. Everybody in Britain has a vital interest in ensuring that the triple A credit rating agency is maintained. "

Philip Hammond

Credit

Commitment

" We will build in Britain a cyber strike capability so we can strike back in cyber space against enemies who attack us, putting cyber alongside land, sea, air and space as a mainstream military activity. "

" Sound public finances are the essential foundation on which to construct a better-balanced economy from the wreckage of Labour's boom and bust. But it is economic growth that will create the jobs and the prosperity for the future and enable us to pay down Labour's debt. "

" Disruption to the flow of oil through the Straits of Hormuz would threaten regional and global economic growth. Any attempt by Iran to close the Straits would be illegal and unsuccessful. "

" The military never uses a full word if they can create an abbreviation. "

" To those who say Britain cannot afford to invest in infrastructure, I say we cannot afford not to invest in our future. "

" I remember the day after the general election when Harold Wilson had lost, I remember quite clearly cycling from my house in Hutton along Long Ridings and feeling what a relief to live in a country with a Tory government again. "

" Historically, Heathrow has been something of a joke, outweighed by its excellent connections. We have to aspire to having an airport at Heathrow with two runways which is a world-class airport. It's a big challenge. "

" More and more, modern warfare will be about people sitting in bunkers in front of computer screens, whether remotely piloted aircraft or cyber weapons. "

Philip Hammond

Will

Cyber

" Scotland forms a crucial part of our Armed Forces which should not be jeopardised by rushed cuts or a rush to the exit from the U.K. Defence jobs are vital to the Scottish economy and yet independence puts thousands of jobs at risk. "

" It is in all our interests that the arteries of global trade are kept free, open and running. "