Labour and the recession

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

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 the effects of the recession, once the banking crisis began.

The coalition argued that Labour was irresponsible with the public finances.


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