The Prime Minister has told the Liaison Committee he wants "people to feel better off" but "it will take some time" before living standards improve across the country.
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00:00The measures we put in place will improve living standards, it will take some time,
00:04of course it will. One of the biggest mistakes I think of the last 14 years was the idea that
00:11everything could be fixed by Christmas. It can't. The planning will take time, the change to
00:16regulation will take time, we've got a national wealth fund which is investing, getting record
00:20investment into the country. That'll take time but already some of the lowest paid are already
00:26feeling the benefits of a Labour government through what we did in the budget.