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Miliband: Labour cannot spend big to solve Britain's problems

Labour leader Ed Miliband has said the party cannot revert to a high-spending approach to social and economic problems if it wins next year's general election.

Mr Miliband told party activists that higher spending was not the answer to the country's issues, as "you and I know we won't have the money".

He also argued that Labour must be "more ambitious" in reforming areas including banks, energy markets, skills, housing and pay.

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Miliband: No return to Labour's big-spending approach

Labour leader Ed Miliband will tell the party's national policy forum that the party cannot revert to its traditional high-spending approach to social and economic problems if it wins next year's general election.

Labour leader Ed Miliband says the party must be 'more ambitious' in addressing the UK's problems. Credit: PA

Mr Miliband will tell activists at the three-day event in Milton Keynes that higher spending is not the answer to the country's issues, as "you and I know we won't have the money".

"Higher spending is not the answer to the economic problem that we together have identified. Unless we fundamentally reshape our economy, we will only be able to compensate people for inequality and unfairness," Mr Miliband is expected to say.

He will also argue that Labour must be "more ambitious" in reforming areas including banks, energy markets, skills, housing and pay.

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