Economic growth will 'take some time to take effect', Labour's Heidi Alexander tells

Evening Standard

'We are not going to be able to turn around 14 years of stagnation and decline in not much more than 14 weeks since the general election.'Economic growth will 'take some time to take effect', Labour's Heidi Alexander tells LBC's Nick Ferrari.

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00:00There is no growth, you're not delivering that area are you Secretary of State?

00:04So the Office for Budget Responsibility is still predicting some growth this year,

00:10it's not as much as we would like and we do need to get the economy firing on all cylinders and we

00:15need to get more money in people's pockets. Some of the things that we've committed to

00:19doing which are going to make a difference here like the planning reform so that we can

00:24get the construction sector really really operating well, building the infrastructure,

00:31the energy, the transport infrastructure that we need, that you know is going to be helped

00:36by planning reform as well and the effects of that haven't yet taken effect. We've also done

00:42things such as set up the National Wealth Fund, GB Energy to crowd in some of that private sector

00:48investment. The Prime Minister hosted that investment summit where we got pledges of £60

00:53billion worth of investment. That is going to take some time to take effect and we are not

01:02going to be able to turn around 14 years of stagnation and decline in not much more than

01:0914 weeks since the general election.

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