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The economic crisis took the Tories and Labour by surprise when it first hit.
Labour and the recession

Ed Miliband is formulating a new economic strategy in a bid to defeat government arguments that Labour was responsible for the recession. Labour officials are worried that the public have accepted coalition arguments about Labour’s responsibility for the recession. Party figures believe it was necessary to rack up a deficit in a bid to control… Read more »

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Admitting mistakes? Miliband wants to recalibrate Labour's economic strategy.
Miliband prepares to admit Labour mistakes

By Ian Dunt Labour will admit that it was too slow to use the language of cuts, in a bid to convince voters of its economic credential. In a controversial strategy meeting decided on at a meeting of the shadow Cabinet on Tuesday, Ed Miliband insisted that the party needed to accept criticism of its… Read more »