Live updates

Miliband calls for new economic strategy

Ed Miliband made an audacious bid to outflank David Cameron on the economy by calling for the 10p rate of income tax to be brought back. The Labour leader insisted reintroducing the band - controversially scrapped by Gordon Brown - would make society fairer.

In a keynote speech in Bedford, he said the move could be funded by a new "mansion tax" on homes worth more than £2 million.

The announcement was a surprise inclusion in the address, which had been billed as featuring no significant policy - a prospect mocked by the Prime Minister yesterday.

Speaking in Bedford - where Tory premier Harold Macmillan delivered his famous "You've never had it so good" line in 1957 - Mr Miliband said: "A One Nation Labour Budget next month would lay the foundations for a recovery made by the many, not just a few at the top."

Advertisement

  1. National

Davey: Miliband tax plan 'is best form of flattery'

The Lib Dem Energy Secretary Ed Davey has told ITV News he is "delighted" Labour has "seen the error of their ways" by announcing plans for a "mansion tax" on houses worth £2 million:

Our flagship policy is fairer taxes.

People copying you is the best form of flattery.

If Labour are realising they should have supported the "mansion tax" when we argued for it when they were in government and could have delivered it, then I am delighted that they have seen the error of their ways.

– Energy Secretary Ed Davey

Ed Miliband to make major speech in Bedford

Labour leader Ed Miliband is to make a keynote speech on the economy in Bedford Credit: Joe Giddens/PA Wire/Press Association Images

The Labour leader Ed Miliband is in Bedford today where he expected to say that Britain's economy will not recover as long as the living standards of ordinary working families continue to be "squeezed".

In a keynote speech ahead of next month's Budget, Mr Miliband will accuse David Cameron and Chancellor George Osborne of failing to understand how wealth is created.

According to the Guardian newspaper he chose Bedford as it was the location that former Conservative Prime Minister Harold MacMillian made his famous "never had it so good" speech in 1957.

Mr Miliband will say millions now fear they will "never have it so good again".

Advertisement

Corby by-election candidates

DAVID LAURENCE BISHOP - Elvis Loves Pets Party

CHRISTINE EMMETT - Conservative

IAN FRANCIS GILLMAN - Independent

JILL HOPE - Liberal Democrats

JONATHAN HORNETT - Green Party

DR ROHEN KAPUR - Young People's Party

ADAM LOTUN - Independent

MR MOZZARELLA - Independent

MARGOT PARKER - UK Independence Party

PETER REYNOLDS - CLEAR Cannabis Law Reform

GORDON RIDDELL - British National Party

ANDY SAWFORD - Labour Co-op

CHRISTOPHER SCOTTON - United People's Party

DAVID WICKHAM - English Democrat

Load more updates