Ed Miliband speech to Fabian Society conference Miliband speech SOT New Labour rightly broke from Old Labour and celebrated the power of private...
{"Image ImageDescription": "POLITICS : Ed Miliband speech to Fabian Society conference; Miliband speech SOT\r\n- New Labour rightly broke from Old Labour and celebrated the power of private enterprise to energise our country. It helped get people back into work, and introduced the minimum wage and tax credits to help make work pay. And it used tax revenues to overcome decades of neglect and invest in hospitals, schools and the places where people live. There are millions of people who have better lives because of those decisions. It is a far cry from what we see today. We???re back to the old trickle-down philosophy. Cut taxes for the richest. For everyone else, increase insecurity at work to make them work harder. In other words, for the 99 per cent: you???re on your own. Sink or swim. For the top 1 per cent: we???ll cut your taxes. \r\nWe don???t need a crystal ball to know what this will mean, because the last two and a half years have shown us. Business as usual at the banks, squeezed living standards, a stagnating economy. No plan for rebuilding the British economy. But the One Nation Labour solution is not to say that we need to go back to the past, to carry on as we did in government. One Nation Labour learns the lessons of the financial crisis. It begins from the truth that New Labour did not do enough to take on the vested interests and bring about structural change in our economy. To make it an economy that works for the many not just the few. From the banks on our high streets to the City of London to the big energy companies. Now, New Labour did challenge the old trickle-down economics by redistributing from the top. But again it didn???t do enough to change our economy so that it grew from the middle out, not from the top down. One Nation Labour is explicitly about reshaping our economy so that it can help what I call the forgotten wealth creators of Britain. The millions of men and women who work the shifts, put in the hours. Who are out to work while George Osborne???s curtains a...", "Image Copyright": "POOL"}