Miliband warns of 'lost decade'

Ed Miliband has accused David Cameron of condemning Britain to a lost "decade of decline" by sticking to his austerity plans. The Labour leader said his party had to earn people's votes rather than expect to gain from the Government's failings.

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Shapps: Labour 'haven't learned from their mistakes'

The Chairman of the Conservative Party, Grant Shapps believes his party are dealing with the "big challenges" facing Britain and has warned Labour that "they haven't learned from their mistakes".

The Tory MP was reacting to Labour leader Ed Miliband's speech at his party's Spring conference today.

The Conservatives are dealing with the big challenges facing our country - backing people who want work hard and get on in life so Britain can succeed in the global race.

We've cut the deficit by a third, we're capping benefits - so no one can claim more than the average working family earns - and we're cutting taxes for millions of hardworking people in a fortnight's time.

But Labour don't get it. They haven't learnt from their mistakes. All Ed Miliband offers is more spending, more borrowing and more debt - exactly how Labour got us into this mess in the first place.

'Good people being let down by bad Government'

"We've got good people who are being let down by a bad Government," Ed Miliband has said, outlining his vision of "One Nation" under Labour.

"That's the reality about Britain today," he said. "And I think it's a reality that we can turn round. "But we can only do it if we unite our country and we have a Government that unites our country."

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'We can turn this around and avoid a lost decade'

Addressing Labour's "people's policy forum" in Birmingham, Ed Miliband said he had the answers to Britain's current problems, telling the audience: "A lost decade is not inevitable."

"I don't just offer a change of management. I want to offer a change in the way this country is run and who it is run for," Mr Miliband said.

An investment in employment for the young, a "revolution" in the education system around vocational learning, regional banking systems and investment in homes were among the policy themes the Labour leader has outlined to the audience.

Ed Miliband: "We've got to earn your trust"

Ed Miliband said at present "Britain is run for the few not for the many."

Labour has to "earn" the public's trust if it is to return to power, Ed Miliband has said as he began his keynote speech at the Labour spring conference.

"This Government's failure makes people believe no-one can turn this around," he told the event in Birmingham.

As expected, Mr Miliband said support for a Conservative-led Coalition or full government threatened to bring Britain a "lost decade" in economic failure.

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Ed Miliband volunteers to pay proposed mansion tax

It’s all about fairness, Mr Miliband says. He would be happy to pay the mansion tax proposed by Labour, admitting that his house in Dartmouth Park “might well be” worth more than £2 million.

Ed Miliband has said that he would be happy to pay the mansion tax proposed by Labour, on his house that is likely to be worth over a million pounds.

In an interview with the Times, he said his house in Dartmouth Park, London, "might well be" worth more than £2 million.

The difference between Cameron and me is that he’s cutting taxes for himself, I might be raising them for myself. You've got food banks all around the country. These are dire circumstances for a lot of people. The notion that it’s right to take money off the poorest people but the rich can’t get by is just wrong.

– Ed Miliband

Ed Miliband accuses Conservatives of 'a lost decade'

Labour leader Ed Miliband Credit: Stefan Rousseau/PA Wire/Press Association Images

Ed Miliband will attack David Cameron's economic policy in a speech later today.

"We are five years on from the financial crisis of 2008," he will say.

"We are in the slowest recovery for 100 years. And it is you who are suffering. Wages are frozen. Prices are rising. Living standards falling.

"Yet the Chancellor offered no change in the Budget. He offered more of the same.

"Can you imagine another five years of this?

"Low growth. Living standards squeezed further. You paying the price.

"A lost decade Britain cannot afford. A decade of national decline."

Miliband will accuse the Government of "shrugging their shoulders", saying ministers have "run out of ideas".

'Cameron condemning Britain to decade of decline'

Ed Miliband will today accuse David Cameron of condemning Britain to a "decade of decline" by sticking to his austerity plans.

The Labour leader is due to address a 'people's policy forum' in Birmingham later today, and will ask: "Can you imagine another five years of this?"

Miliband will reel off a list of policies that he claims would kick-start growth and make the economy fairer, including bank reform, infrastructure investment and a 10p tax rate.

He will contrast the platform he is fleshing out with George Osborne's financial package this week.

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