Menu
28/09/2011
Miliband Admits Fiscal Crisis 'Down To Labour'
Financial matters have been at the heart of Labour Leader Ed Miliband's agenda for the future - but has also come to the forefront on past mistakes.
He has denied that his Labour conference speech in Liverpool - where he attacked "predatory" firms and a "fast-buck" culture - was "anti-business".
Yesterday, he told the BBC his aim was actually to improve behaviour in the commercial sector in an effort to improve the UK's economy.
But he said, large bonuses for bosses who achieve little should be phased out, he added.
In other comments on fiscal matters, Ed Miliband has told Sky News that Labour "takes responsibility" for the financial crash and the economic system has to change.
This is at odds with his own Shadow Chancellor Ed Balls who said that while Labour had made "mistakes", the 2007-2008 crisis was not caused by the party's spending plans.
Now, the Labour boss has admitted: "We take responsibility for the financial crisis that took place in 2007-2008.
"We along with other governments didn't regulate the banks properly."
The opposition leader said he hoped his speech to the party's annual conference set out the ways he would run the country differently.
He called for a "something for something" culture, which rewards people according to how much they contribute to their community.
He said that, for too long, the economy and welfare systems have benefited the wrong people, he suggested.
The speech was well received by Labour members in the conference hall, and union leaders who said Mr Miliband was a "man on a mission".
(BMcC/GK)
He has denied that his Labour conference speech in Liverpool - where he attacked "predatory" firms and a "fast-buck" culture - was "anti-business".
Yesterday, he told the BBC his aim was actually to improve behaviour in the commercial sector in an effort to improve the UK's economy.
But he said, large bonuses for bosses who achieve little should be phased out, he added.
In other comments on fiscal matters, Ed Miliband has told Sky News that Labour "takes responsibility" for the financial crash and the economic system has to change.
This is at odds with his own Shadow Chancellor Ed Balls who said that while Labour had made "mistakes", the 2007-2008 crisis was not caused by the party's spending plans.
Now, the Labour boss has admitted: "We take responsibility for the financial crisis that took place in 2007-2008.
"We along with other governments didn't regulate the banks properly."
The opposition leader said he hoped his speech to the party's annual conference set out the ways he would run the country differently.
He called for a "something for something" culture, which rewards people according to how much they contribute to their community.
He said that, for too long, the economy and welfare systems have benefited the wrong people, he suggested.
The speech was well received by Labour members in the conference hall, and union leaders who said Mr Miliband was a "man on a mission".
(BMcC/GK)
Related UK National News Stories
Click here for the latest headlines.
28 September 2010
Ed Miliband Says Labour "Needs To Change"
In his first big speech as party leader, Ed Miliband has said Labour "needs to change." He said they had to face "painful truths" - including the failure to recognise immigration concerns. Mr Miliband urged "responsibility" from unions and businesses and added the UK's involvement in the Iraq war was wrong.
Ed Miliband Says Labour "Needs To Change"
In his first big speech as party leader, Ed Miliband has said Labour "needs to change." He said they had to face "painful truths" - including the failure to recognise immigration concerns. Mr Miliband urged "responsibility" from unions and businesses and added the UK's involvement in the Iraq war was wrong.
27 September 2010
David Miliband Says Party Now Has A "Great Leader"
In his latest speech to the Labour conference, David Miliband has said the party now has a "great leader" in his younger brother Ed. The shadow foreign secretary, added "I'll be fine" before calling for party unity and receiving a standing ovation.
David Miliband Says Party Now Has A "Great Leader"
In his latest speech to the Labour conference, David Miliband has said the party now has a "great leader" in his younger brother Ed. The shadow foreign secretary, added "I'll be fine" before calling for party unity and receiving a standing ovation.
13 June 2014
Ed Miliband Makes Public Apology Over Newspaper Picture
Labour leader Ed Miliband has been forced to make a public apology after he was pictured holding a copy of The Sun newspaper. Labour MPs and Merseyside councillors criticised Mr Miliband after he was pictured holding a special edition of the paper to mark the beginning of the World Cup.
Ed Miliband Makes Public Apology Over Newspaper Picture
Labour leader Ed Miliband has been forced to make a public apology after he was pictured holding a copy of The Sun newspaper. Labour MPs and Merseyside councillors criticised Mr Miliband after he was pictured holding a special edition of the paper to mark the beginning of the World Cup.
25 September 2013
Labour Pledge Action If Energy Companies Defy Price Freeze
Labour leader Ed Miliband has said that a Labour government would implement a 20-month gas and electric prize freeze should his party win the 2015 election. News of the freeze was welcomed by consumer groups but it is understood that the "big six" energy firms have warned of "serious consequences".
Labour Pledge Action If Energy Companies Defy Price Freeze
Labour leader Ed Miliband has said that a Labour government would implement a 20-month gas and electric prize freeze should his party win the 2015 election. News of the freeze was welcomed by consumer groups but it is understood that the "big six" energy firms have warned of "serious consequences".
18 January 2012
'McCluskey Is Wrong' - Miliband
The Leader of the Labour Party has defended his leadership and policies against major criticism from a top union chief. Responding to a highly critical article in Tuesday's Guardian by the leader of the Unite union, Ed Miliband has this morning said he was "changing the Labour party" and taken tough decisions.
'McCluskey Is Wrong' - Miliband
The Leader of the Labour Party has defended his leadership and policies against major criticism from a top union chief. Responding to a highly critical article in Tuesday's Guardian by the leader of the Unite union, Ed Miliband has this morning said he was "changing the Labour party" and taken tough decisions.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
