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Ed Miliband attacks the banks

By Jay Elwes  

Today, Ed Miliband, the leader of the Opposition, gave a speech on the problem of Britain’s wealth. What he calls the “cost of living crisis” has come about because too much is being taken by too few people. The economic recovery, such as it is, is no recovery at all, and the Labour Party has a plan to change that.

Unusually for a speech like this, the contents had not been pre-briefed. Details only began to emerge earlier this week because Labour had been consulting the banks—it was from the City that the leaks occurred. What emerged over the week…

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