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| Version 1 | Version 2 |
|---|---|
| No return to tax and spend era, Ed Miliband tells Labour national policy forum | No return to tax and spend era, Ed Miliband tells Labour national policy forum |
| (35 minutes later) | |
| Ed Miliband has said there will be no return to the tax and spend policies of past Labour governments. | Ed Miliband has said there will be no return to the tax and spend policies of past Labour governments. |
| The Labour leader told activists at the party's national policy forum that higher spending would not solve the UK's economic problems. | The Labour leader told activists at the party's national policy forum that higher spending would not solve the UK's economic problems. |
| He said Labour would be more radical than in the past - and there was a need to "fundamentally reshape our economy". | He said Labour would be more radical than in the past - and there was a need to "fundamentally reshape our economy". |
| He said the "basic principle" would be that working people should not find themselves in poverty. | He said the "basic principle" would be that working people should not find themselves in poverty. |
| The national policy forum in Milton Keynes will see Labour finalise many of the policies it will argue for at next year's general election. | The national policy forum in Milton Keynes will see Labour finalise many of the policies it will argue for at next year's general election. |
| 'Traditional answer' | |
| Mr Miliband said Labour would offer a "binding commitment to balance the books". | |
| "We will get the national debt falling as soon as possible in the next Parliament and we will deliver a surplus on the current budget," he said. | |
| He said the Conservative "recipe for economic success" included low wages, zero-hours contracts and bad terms and conditions for workers. | |
| But he said Britain "will never succeed with a race to the bottom". | |
| "We know, Labour knows, Britain only succeeds when working people succeed and that needs a Labour government," he said. | |
| Mr Miliband said the solution to Britain's economic problems "cannot be our traditional answer of spending to fix the problem". | |
| "Unless we fundamentally reshape our economy, we will only ever be able to compensate people for unfairness and inequality," he said. | |
| He said Labour would "mend the link between hard work and reward". | |
| 'No plan' | |
| Commenting on excerpts from Mr Miliband's speech made available in advance, Conservative cabinet minister Sajid Javid said: "The reality is Labour haven't learnt the lessons from their mistakes. | |
| "All Ed Miliband offers is more wasteful spending, more borrowing and more taxes. | |
| "That's exactly what got us into a mess in the first place, and hardworking taxpayers would pay the price. | |
| "It's clearer than ever that Ed Miliband has no long-term plan to secure Britain's future and is just not up to the job." |