Heseltine urges regional spend

The Government was today urged by a former minister to spend more money on boosting economic growth in the regions. Lord Heseltine urged the coalition to produce a long-term strategy for economic growth.

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Heseltine's report 'bursting with ideas' says Chancellor

Chancellor George Osborne. Credit: David Jones/PA Wire/Press Association Images

Chancellor of the Exchequer George Osborne believes Lord Heseltine's report into economic growth can help the Government.

In a statement, the Conservative MP said: “I wanted Lord Heseltine to do what he does best: challenge received wisdom and give us ideas on how to bring Government and industry together. He has done exactly that. This is a report bursting with ideas and we will study it very carefully.”

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