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Miliband: My mission is to build a 'shared prosperity' Miliband: My mission is to build a 'shared prosperity'
(about 9 hours later)
Building a "shared prosperity" that everyone can benefit from will be the central mission of a future Labour government, Ed Miliband is to say.Building a "shared prosperity" that everyone can benefit from will be the central mission of a future Labour government, Ed Miliband is to say.
The Labour leader will pledge to distribute the "rewards of growth" fairly by reforming markets and the state rather than just spending more.The Labour leader will pledge to distribute the "rewards of growth" fairly by reforming markets and the state rather than just spending more.
In a speech in London, he will announce plans to combat "short-termism" in major national infrastructure projects.In a speech in London, he will announce plans to combat "short-termism" in major national infrastructure projects.
The Conservatives say Labour's plans will result in higher taxes and debts.The Conservatives say Labour's plans will result in higher taxes and debts.
In his second major intervention on the economy this week, the Labour leader will also promise a "gold-standard" vocational education for young people who do not go to university and pledge to keep the UK in a reformed European Union if he becomes prime minister.In his second major intervention on the economy this week, the Labour leader will also promise a "gold-standard" vocational education for young people who do not go to university and pledge to keep the UK in a reformed European Union if he becomes prime minister.
'Faith in business''Faith in business'
Mr Miliband has come under pressure on both the economy and Europe in recent days, amid claims about a lack of ambition and radicalism in policymaking and calls for the opposition to match the Conservatives' offer of a referendum on the UK's membership of the European Union in 2017.Mr Miliband has come under pressure on both the economy and Europe in recent days, amid claims about a lack of ambition and radicalism in policymaking and calls for the opposition to match the Conservatives' offer of a referendum on the UK's membership of the European Union in 2017.
On Wednesday, a secret recording of Labour policy chief Jon Cruddas criticising the party leader emerged.
He said Mr Miliband was being "gamed out every day, every week" because of what he called "the news cycle, the media, levels of intrusion, the party management side".
He also said the party needed a "deeper sense of national renewal".
Speaking at a conference organised by the Policy Network think tank, Mr Miliband will say many of the problems facing Britain predate the 2008 banking crisis and subsequent recession and will not be resolved by the return to growth in the economy.Speaking at a conference organised by the Policy Network think tank, Mr Miliband will say many of the problems facing Britain predate the 2008 banking crisis and subsequent recession and will not be resolved by the return to growth in the economy.
"Unless we change the way we do things, we simply will not create the high-paying, high-skilled jobs needed to improve the condition of our country, and the rewards of growth will be unfairly shared," he will say."Unless we change the way we do things, we simply will not create the high-paying, high-skilled jobs needed to improve the condition of our country, and the rewards of growth will be unfairly shared," he will say.
"Labour will build a prosperity in which all can share fairly, right across Britain. And, in so doing, we can rebuild faith in business and in politics in Britain for the future. That is the central mission for the government I want to lead in ten months' time.""Labour will build a prosperity in which all can share fairly, right across Britain. And, in so doing, we can rebuild faith in business and in politics in Britain for the future. That is the central mission for the government I want to lead in ten months' time."
Labour has said it will have to cut spending if it regains power and has pledged to balance the books by 2020.Labour has said it will have to cut spending if it regains power and has pledged to balance the books by 2020.
It has also said it will raise the top rate of tax to 50% for the lifetime of the next Parliament to help reduce the deficit.It has also said it will raise the top rate of tax to 50% for the lifetime of the next Parliament to help reduce the deficit.
Mr Miliband will say his vision for the country will not be achieved by "big spending by government, but with reform - reform of the way governments work and reform of the way markets work".Mr Miliband will say his vision for the country will not be achieved by "big spending by government, but with reform - reform of the way governments work and reform of the way markets work".
He will reiterate his call for more competition in the banking and energy markets, insisting Labour is "pro-competition", but will overhaul markets that are not working so they are "better for the customer and better for businesses".He will reiterate his call for more competition in the banking and energy markets, insisting Labour is "pro-competition", but will overhaul markets that are not working so they are "better for the customer and better for businesses".
'Dodgy statistics''Dodgy statistics'
On infrastructure, he will accept the recommendations of a report by former Network Rail boss Sir John Armitt, which calls for the creation of a national infrastructure commission to identify future needs and to give more impetus to planning and decision-making.On infrastructure, he will accept the recommendations of a report by former Network Rail boss Sir John Armitt, which calls for the creation of a national infrastructure commission to identify future needs and to give more impetus to planning and decision-making.
"Nowhere is the failure of the ability to plan for the long-term clearer than in our infrastructure where Britain lags far behind other countries," Mr Miliband will say."Nowhere is the failure of the ability to plan for the long-term clearer than in our infrastructure where Britain lags far behind other countries," Mr Miliband will say.
"As Sir John Armitt says, the UK needs affordable clean energy, modern communication systems, flood defences that can cope with the effects of climate change and a transport system that can cope with ever-growing demand and which links business with markets and people with families, leisure and job opportunities."As Sir John Armitt says, the UK needs affordable clean energy, modern communication systems, flood defences that can cope with the effects of climate change and a transport system that can cope with ever-growing demand and which links business with markets and people with families, leisure and job opportunities.
"If we fail to meet these challenges, we will fail to grow our economy and fail to provide the quality of life that we would want for our children and our grandchildren.""If we fail to meet these challenges, we will fail to grow our economy and fail to provide the quality of life that we would want for our children and our grandchildren."
At Prime Minister's Questions on Wednesday, David Cameron accused the Labour leader of "doing anything" to talk down the British economy and using "dodgy statistics" about the proportion of new private sector jobs created outside London since 2010.At Prime Minister's Questions on Wednesday, David Cameron accused the Labour leader of "doing anything" to talk down the British economy and using "dodgy statistics" about the proportion of new private sector jobs created outside London since 2010.
The Conservatives and Liberal Democrats have also accused the opposition of wavering in its support for the HS2 high-speed rail link between London and the Midlands. Labour has said it backs the multibillion-pound project but may review its position if costs start to spiral.The Conservatives and Liberal Democrats have also accused the opposition of wavering in its support for the HS2 high-speed rail link between London and the Midlands. Labour has said it backs the multibillion-pound project but may review its position if costs start to spiral.
The coalition, unveiling its own infrastructure "blueprint" last December, proposed £375bn of investment in energy, transport, communications and water projects.The coalition, unveiling its own infrastructure "blueprint" last December, proposed £375bn of investment in energy, transport, communications and water projects.
A Labour party spokesman said the party was united in "putting forward to the most radical plans for generations" after Mr Cruddas's comments.
And Shadow Chancellor Ed Balls told BBC Newsnight: "If you want to know who's actually at the moment being gamed out it's the British Prime Minister David Cameron being utterly outmanoeuvred by his European partners as he tries to placate Tory anti-European backbenchers."