Ed Miliband admits Labour were wrong over debt and need for cuts
"Ed Miliband is to admit Labour made itself vulnerable to the charge of racking up excessive debt in government by being too slow to talk openly and clearly about the need for spending cuts in the wake of the recession.
"He is also to concede that the last Labour government must take some responsibility for the deficit to the extent that it did not do enough to regulate the banks, and acted too late to create a more balanced economy less dependent on financial services for tax receipts.
"The shift in strategy was agreed by a shadow cabinet meeting on Tuesday that also enthusiastically endorsed his decision to insist that the deficit was not caused by chronic Labour overspending, but by a global financial crisis that resulted in recession and a calamitous collapse in tax revenues."
Pour citer cette ressource :
"Ed Miliband admits Labour were wrong over debt and need for cuts", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), janvier 2011. Consulté le 28/09/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/ed-miliband-admits-labour-were-wrong-over-debt-and-need-for-cuts