Miliband: Minimum wage rise must not cut jobs

Ed Miliband said that the "national minimum wage must be set at a level where it doesn't cost jobs".

It follows yesterday's announcement that Labour would raise the fine for companies paying below the minimum wage to £50,000.

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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.