Rachel Reeves MP, Labour’s Shadow Chief Secretary to the Treasury, also commented on Lord Heseltine's report:
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.
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.
More top news
Cuts to local services will continue across many towns and cities in the UK, despite council tax bills rising by up to 5% this year.
Monday will be windy and mild, with some sunshine across central and southern parts once the morning mist and murk clears.
Malaysia has recalled its ambassador to North Korea as tensions over the investigation into the death of Kim Jong-nam boiled over.