Miliband accuses PM over economy

Labour leader Ed Miliband. Credit: PA Wire

Britain's economy will not recover as long as the living standards of ordinary working families continue to be "squeezed", Labour leader Ed Miliband will say today.

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.

He will issue a renewed call for a temporary VAT cut to kick-start the economy, with the reversal of last year's Budget cut in the 50p top rate of tax.