Tuesday, 27 September 2011

Labour Party Conference 2011: Ed Miliband Pledges 'New Bargain'

THE DAILY TELEGRAPH: Labour will offer a "new bargain" to the people of Britain to end the "fast buck" culture of the last 30 years and reshape society so that hard work and responsibility are rewarded, the party's leader Ed Miliband said today.

In his keynote speech to Labour's conference in Liverpool, Mr Miliband said he wanted to become Prime Minister so he can "write a new chapter in our country's history".

Launching a scathing attack on "unjustified rewards" at the top of companies, asset-stripping "predators" in business and bankers who profited even as their mistakes caused economic meltdown, Mr Miliband said that a Labour government would use tax breaks, regulation and contracts to reward firms which contribute to their community.

And he said he was determined to reform the welfare system to ensure that it pays to work, to end "cosy cartels" which set top pay, break up the "rigged market" which allows energy companies to charge high prices and rebalance Britain's economy away from the reliance on financial services and towards production and manufacturing.

Against the backdrop of opinion polls suggesting voters do not see him as a potential prime minister, Mr Miliband sought to shake off the legacy of the last two Labour leaders to hold power, telling the conference: "I'm not Tony Blair. I'm not Gordon Brown either... I'm my own man and I'm going to do things my own way."

And he declared that he was ready to take risks to break away from the "something for nothing" culture which has taken root in Britain over the past three decades and created a "quiet crisis" where those who do the right thing no longer believe they will be rewarded for it. Read on and comment » | Tuesday, September 27, 2011