"I set myself one task, which was to get Labour on to the front foot, back in the game, making the weather on the economy, and that's going to take me a year"

Ed Balls is describing his objective of getting the Labour party back into a position of power and impact in the economy. He believes that it will take him a year to attain this objective. He wants to put Labour in a position where they are deciding and setting the program on financial problems. He desires Labour to be viewed as a leader in the economy, and to be seen as a party that is capable of making the right decisions for the nation. He thinks that it will take a year of effort and dedication to get Labour back to the forefront of the economy. He is confident that he can accomplish this objective and that Labour will be able to make a positive effect on the economy.