Britain’s Labour Party has heard its new leader lay out his plans for saving the UK economy.
Ed Miliband told the annual party conference in Manchester that policy should focus on economic growth as well as cutting the record budget deficit.
And he said the New Labour of Blair and Brown was over.
“We were too exposed to financial services as an economy so the impact of the crash on the public finances was deeper on us than on others. We should take responsibility for not building a more resilient economy. But what we should not do as a country is make a bad situation worse by embarking on deficit reduction at a pace and in a way that endangers our recovery,” he said.
Miliband set out to quash concerns that he would be soft on cutting the deficit saying he would not oppose all of the government’s proposed cuts.
And he said the party should not tolerate talk of an irresponsible wave of strikes against the impact of funding cuts.