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Is Ed Miliband too late to earn trust on the economy?

The Labour leader should have made his speech on the deficit earlier

By Peter Kellner  

Is Ed Miliband an intelligent reformer of capitalism, or does he not understand it? © Stefan Rousseau/PA Wire/Press Association Images

Read John Harris on Labour’s crisis from this month’s Prospect

Ed Miliband has taken a huge risk giving a major speech about the deficit; but it is a risk he could not avoid. If anything, it is a risk he should have taken earlier.

Conventional wisdom holds that politicians…

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