Miliband quiet on borrowing

Ed Miliband has refused to be drawn on how his party would pay for measures to alleviate what he calls the "cost of living crisis". Labour has announced policies to force large firms to train more British apprentices and pay the minimum wage.

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Rachel Reeves: People on £60k income 'are not rich'

People earning as much as £60,000 a year are not "rich" and would not face tax increases under a Labour government, the shadow chief secretary to the Treasury said today.

In an interview with the Daily Telegraph, Rachel Reeves said:

I think the focus should be on those privileged few right at the top, and that’s not people earning £50,000 or £60,000 a year.

We don’t have any plans or desire to increase taxes amongst people in that band of income.

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