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Peter Mandelson slams Ed Miliband's energy plan

Lord Mandelson has claimed that Ed Miliband risks accusations of taking the Labour party backwards with his pledge to freeze energy bills.

As a result of the speech, I believe that perceptions of Labour policy are in danger of being taken backwards.

At the business department I tried to move on from the conventional choice in industrial policy between state control and laissez-faire.

The industrial activism I developed showed that intervention in the economy – government doing some of the pump priming of important markets, sectors and technologies – was a sensible approach.

– Peter Mandelson