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Heseltine: We have to mobilise every resource

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The former Conservative cabinet minister, Lord Heseltine, has used a report, commissioned by Downing Street, to challenge the government to take bold action to boost the economy.

He says many people think the UK "doesn't have a strategy for growth and wealth creation".

He has called for billions of pounds of funding for businesses to be transferred from Whitehall to local communities and for the creation of a National Growth Council to be created.

He told Today presenter Evan Davis that the government was doing an "extremely good" job, but added: "There are things we can do further and faster than we are already doing.

"There is an urgency. Across the world there are emerging economies after our jobs. They are using every known device to get part of what we want.

"We have to mobilise every resource. We have enormous excellence in companies and universities, but the average needs to be jacked up."

"The key question is whether we can use the scarce public money to mobilise the potential of provincial English cities."


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