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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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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".

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