Thursday 27th September 2012 | 20:07
Ready to Rebuild
Labour is ready to build an economy that works for all working people, declares Ed Miliband
WORDS: ED MILIBAND
Welcome to conference.
I’m sure you will be looking forward to meeting delegates, attending fringe events and catching up with old friends. But Labour Party conference is also an opportunity to discuss the big challenges facing our country, and how the Labour Party is responding to them.
The most significant challenge is our economy. Many people who voted for David Cameron at the last election are frustrated that he promised change, but has failed to deliver. His government have turned a recovery into a double-dip recession and borrowing is going up, not down.
We’ve argued for a change of course to get the economy moving again. We would tax bank bonuses and use the money to get young people who have been out of work for a year back into jobs. Labour has also challenged the Tory-led government on their top-down reorganisation of our health service and cuts to tax credits.
Alongside their failure on jobs and borrowing, David Cameron increasingly shows that he puts the wrong people first. To see that, you only have to look at his decision to give a tax cut to millionaires in the budget while asking hard working families to pay more.
But we don’t just need to fix our economy now and put right the government’s mistakes. We need to fix our long-term, fundamental problems. We need to build an economy that works not just for a few at the top, but for all working people. We need to end the scourge of young people languishing on the dole for one, two or three years. We need to sort out the banks to make sure we have banks that serve our country, not a country that serves our banks. And we need to tackle rip-off prices from energy bills to rail fares that affect so many people across the country.
Rebuilding our economy is a major challenge, but it’s a challenge that Labour must meet, and that only Labour can meet. We need to show we are on the side of the British public, and that we are prepared to stand up to the vested interests in our country that prevent hard work from being properly rewarded.
We need a new economy and a stronger Britain. As a party, we know that working together as a country, we can overcome the challenges we face so that Britain works for all working people once again.