Chuka Umunna MP, Labour’s Shadow Business Secretary, commenting on the report of Lord Heseltine’s review on growth, said:
“Labour has led calls for an active government approach to support business and underpin regional growth – it is good to see Lord Heseltine echoing this in his report. We will examine his proposals and consider which ones we can take forward.
“We hope that ministers will take Lord Heseltine’s proposals seriously, although the briefing against the report from within government in recent days suggests they are unwilling to listen. If this is the case, it will therefore be left to a future One Nation Labour government to take forward many of Lord Heseltine’s ideas.”
Rachel Reeves MP, Labour’s Shadow Chief Secretary to the Treasury, said:
<img alt="Rachel Reeves" src="uploads/thumbs/M_9db8d7b2-6b04-86f4-c940-b6faa0793389.jpg" style="float: right; margin: 3px;"/><div>“It's a damning indictment of this government that, half way through this parliament, a former Conservative cabinet minister is still calling for a plan for growth.</div> </div> <div>
“Since the spending review two years ago we've had growth of just 0.6 per cent compared to the 4.6 per cent growth George Osborne said he would deliver. And the result of the Government's failure is that families are worse off, long term unemployment is rising and borrowing is going up.
“Instead of more complacency from Ministers we need a proper growth plan to catch up the lost ground of the last two years, make families better off and strengthen and sustain economic recovery.”</div>