'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.