To the hard-working people who set a little bit aside each month, to provide for their children, or to fund their own retirement, I say: you should be rewarded not punished.

Hague rose through the ranks of John Major's government and entered the Cabinet in 1995 as the Secretary of State for Wales. In Parliament he has represented the constituency of Richmond (Yorks) since 1989. After David Cameron was elected leader of the Conservative Party in 2005 Hague returned to front line politics as shadow foreign secretary.