Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’

Ed Miliband will today seek to portray the Tories as the party of the few, helping bankers, millionaires and Murdoch while doing nothing for everyone else.

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Ed Miliband will today once again seek to portray the Tories as the party of the few, going out of their way to help bankers, millionaires and Rupert Murdoch but doing sweet FA for the un-rich; the government has “helped those who don’t need help”, he will say, “but it has not helped you”.

Miliband will be speaking at a South Bank community centre ahead of a last-minute tour of key local election battlegrounds. As well as reflecting on the state of the economy and the fallout from the latest Leveson revelations, he will outline Labour’s priorities for next week’s Queen’s Speech, including a finance bill, energy bill, transport bill, consumer bill and jobs bill.

Ed-Balls-Ed-Miliband-Coin-Street-local-elections-2012-campaign-Queens-Speech-priorities
The Labour leader will say:

“Last week we found out that Britain’s economy, which had been recovering strongly two years ago, has now sunk into a double dip recession. A recession made in Downing Street.

“David Cameron and George Osborne promised they would change things for the better. They boasted they had taken the economy out of the danger zone. They ignored the warning signs that their reckless plan would backfire.

“David Cameron and George Osborne have helped the bankers who wanted their big bonuses. They have helped the millionaires who wanted a tax cut worth tens of thousands of pounds in the Budget. They tried to help Rupert Murdoch secure his biggest ever deal.

“This Tory-led government, with its Liberal Democrat prop, has helped those who don’t need help. But it has not helped you.”

Describing the government as “too close to the rich and powerful, out of touch with everyone else”, he will add:

Millions in the middle are being forced to pay more in tax. Pensioners are being forced to pay more in tax. There is even a new tax that will hurt charities.

“Families are losing their working tax credits making some of them better off on benefit. Cuts that go too far and too fast in services mean there are less police, our NHS is suffering and we now have more than one million young people out of work.

“In these tough times when there is less money around, only one party has an agenda for change which would improve living standards for families, ensure security for pensioners and get our young people back to work. That party is Labour.”

 


See also:

Krugman: “Keynesians have been completely right, Austerians utterly wrong” 26 Apr 2012

Osborne’s ideology-driven economics have failed: We’re all paying the price 25 Apr 2012

UK double-dips for first time in 37 years; Balls: Government’s economic credibility “in tatters” 25 Apr 2012

Miliband plays it down the middle at Labour’s not-so-local election launch 2 Apr 2012

Vote 2012: An introduction to the various elections on May 3rd 17 Mar 2012


 

The five Labour priorities for the Queen’s Speech Miliband will announce are:

A Fair Deal on tax. Alongside the five-point plan for jobs and growth, a finance bill would that reverse tax cuts for people earning more than £150,000 a year, using the money to help pensioners on fixed incomes hit by the “granny tax” and restoring cuts in tax credits.

A Fair Deal on Energy. An energy bill to break up the dominance of the ‘Big Six’ power companies and require them by law to offer 4 million elderly people the lowest rate available.

A Fair Deal on Transport. A transport bill to stop train operators raising fares by greater than inflation plus one per cent, stop them exploiting commuters with unadvertised rates, and give local authorities more control over bus firms.

A Fair Deal for Consumers. A consumer bill giving new powers to the Financial Conduct Authority and Competition and Markets Authority to stop rip-off surcharges by banks, low-cost airlines and pension firms.

A Fair Deal on Jobs. A jobs bill to ensure some of the money raised from a tax on bank bonuses is used to provide real jobs, with real wages and responsibilities, to more than 100,000 young people aged 18-24.

Yesterday, shadow chancellor Ed Balls, who will appear alongside Miliband this morning, warned a “lost decade” for the UK economy loomed unless Osborne saw sense and changed course.

He told the Observer Japanese-style stagflation could take hold in Britain without a plan for jobs and growth, that the economy could dip in and out of recession for a “very long time”, as happened in Japan from the early 1990s.

 


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40 Responses to “Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’”

  1. PharmaSy

    Miliband: Cameron and Osborne 'have helped bankers, millionaires and Murdoch' http://t.co/Mvpd9ofo

  2. Martin Steel

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W by @ShamikDas

  3. louis davies

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W by @ShamikDas

  4. Alex Braithwaite

    RT @leftfootfwd: Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’ http://t.co/6a7xmyIn

  5. Dawn Willis

    RT @leftfootfwd: Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’ http://t.co/6a7xmyIn

  6. Yvonne Lee

    RT @leftfootfwd: Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’ http://t.co/6a7xmyIn

  7. Andrew G

    RT @leftfootfwd: @ed_miliband – Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’ http://t.co/45S0oKpJ

  8. Stewart Lochhead

    RT @leftfootfwd: .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/npWsrxae

  9. Anonymous

    It’s time to stop testing the waters, time to address directly the problems facing the majority in this country. Address the shifting of wealth from poor to rich over the last thirty years.
    Is Miliband a leader or a spineless nerd, afraid of his own shadow?

  10. Shifting Grounds

    'A double-dip made in Downing Street' http://t.co/vfUCcJlc @shamikdas

  11. Innerwisdom

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W

  12. Ian Hodson

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W

  13. paul miller

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W

  14. Max - The IT Pro

    .@Ed_Miliband: Cameron and Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W

  15. Cosmos

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  16. Red Ladder Theatre

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  17. Anonymous

    And Labour has fucked the ordinary man and woman in the street.

    Pissed away their pensions, and now will only offer 25% of what they would have got.

    Run up massive debts.

  18. Hannah Fearn

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  19. Anonymous

    And to do that, you need to stop taking money off the poor workers. Taxation and lack of saving is the major issue.

    However, given the debts of the government its so desperate for cash its going to hit all.

  20. Lord Kennedy

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  21. TraceyStreet

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  22. Chris Paul

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  23. Martin Steel

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  24. Selohesra

    Don’t expect the BBC to be reporting that though

  25. Foxy52

    .@Ed_Miliband: Cameron & Osborne ‘have helped bankers, millionaires and Murdoch’: http://t.co/jFxjj78W – incl. Lab Queen’s Speech priorities

  26. Selohesra

    I think we all know the answer to that

  27. JC

    Seems a load or rot to me. How about:

    • A Fair Deal on tax. Simplifying the tax system to reduce the possibility of avoidance, unifying income tax and NI, removing people on the minimum wage from income tax and developing a tax system based on maximising revenue, not punishing behavior that is not approved of.
    • A Fair Deal on Energy. Removing the “Green Taxes” on energy bills. Reduce the VAT on energy, push for better insulated houses and require all new-builds and renovations to at least have high standards of insulation and solar panels.
    • A Fair Deal on Transport. Look at ways to stop using the poor to subsidise the better off on rail fares and public transport. Possibly use business rates for those areas well served to subsidise these.
    • A Fair Deal for Consumers. Remove tax from pension fund growth, revitalise town centres by removing parking charges, change the way shop rents are determined.
    • A Fair Deal on Jobs. Remove employers NI, support the introduction of job contracts and make it easier for small firms to lay off staff.

  28. Anonymous

    Miliband is hoping to win by default without having to promise anything radical that he’d be obliged to carry out in office , vote for me, I am not Cameron.

  29. PharmaSy

    Miliband: Cameron and Osborne 'have helped bankers, millionaires … http://t.co/bE1M399i

  30. Boris and Murdoch: The ten questions the Mayor still hasn’t answered | Left Foot Forward

    […] See also: • Miliband: ‘Osborne and Cameron tried to help Murdoch secure BSkyB deal’ 30 Apr […]

  31. Anonymous

    Close down the NHS and end free schooling, no funds whatsoever for the third sector. THEN you need to find the other 50% of the cash you need for your bonanza for the rich, when the poor (who already pay little tax) benefit by a few quid a month.

    And, of course, you’ve just slashed pay and working conditions for the 99% considerably.

  32. Anonymous

    YOU are responsible, for not paying your share of tax in wealth.

  33. Anonymous

    Ah yes, of course the BBC should act as your One True Tory Nation propaganda outlet. What else are the taxpayers doing funding it!

  34. Anonymous

    That’s right, they need to grow a spine and tax where the wealth has gone. People like you.

  35. Ed's Talking Balls

    Close down the NHS? I’m not disagreeing that they’re doing things beyond any manifesto remit, but this is just plain hyperbole.

    End free schooling? Bonkers. No-one has even come close to suggesting that. No longer tolerating mediocrity, the treasured gold standard of the teaching unions, is a thoroughly good thing.

    Bonanza for the rich? Maybe. I’m not convinced about the 50% to 45% cut, but I’m against high (punitive) taxation generally. I feel sure there’s more the government could do to tax wealth, in a perfectly sensible way. Perhaps higher CGT rates in general (with a commensurately higher annual exemption) and extra high rates on the sale of second properties? Higher stamp duty/revisit Cable’s mansion tax? Just thinking aloud, but even as a Conservative I don’t think there’s anything wrong with taxing unproductive wealth. Hoarding property is socially destructive and is to be discouraged, in my view.

  36. Anonymous

    Of course close down the NHS and end free schooling. JC is talking about slashing a good third and more of the tax take there! I can recognise the hymn sheet he’s singing from.

    Moreover, that unions being responsible for the state of schooling is outright propaganda – it’s government who have repeatedly ignored teachers and Universities and over-tested.

    Ask any decent University tutor, and they’ll tell you the same thing. Schools don’t have time to teach anything BUT memorisation…even your Tories have realised this are are handing the A-levels over to Universities to reform now!

    Evidence-based teaching is precisely what the Unions have been pushing for…

    But on the topic of tax yes – If income other than wages were taxed properly, a 40% top rate would be more than sufficient. If you combined the exemptions into a single rate, that would achieve one of your goals (lifting some marginally poor out of tax, and giving the middle class a tax break) as well.

    “extra high rates on the sale of second properties”

    Mm. I’d rather discourage buy-to-let in general, and that’s one of the effects of a rent cap. Stamp duty is a bit of a problem, since it’s suppressing the already low volume of houses being sold – I’d look at discounting it for houses built to energy-efficient standards.

    (Hence encouraging investing in upgrading the energy efficiency of the housing stock, something I think you’ll agree is worth doing!)

  37. cameronsfollys

    #Miliband: #Cameron and #Osborne ‘have helped bankers, millionaires and #Murdoch’ http://t.co/ibQMadSQ [And.. what would Ed have done? Hmm?]

  38. Ed's Talking Balls

    I agree that schools are more like conveyor belts than places of education nowadays. A sad state of affairs which governments of all hues have encouraged for too long. Although he’s one of the left’s favourite bogeymen, I do genuinely believe Gove wants to address this. Whether he will do so successfully, however, is another matter.

    I know that it’s not purely the teachers’ fault, but I remember coming across some dross which teaching unions seem to claim doesn’t exist. It’s too difficult to remove a poor teacher. I can’t think of a comparable profession in this regard: I stand by my comment that mediocrity is tolerated too much across the board in education.

    I don’t know how a rent cap would work though. It’d require something pretty drastic, to tell people they can’t charge what someone else is willing to pay. I’d be interested to see how it could work/whether it could.

    I still think there’s something in the idea of heavy taxes on second properties. Give people the message that investment is good, responsible even, but investing in other things (companies, for example) is preferable.

    As regards stamp duty, I’d leave the lower rates well alone – I agree on that. I don’t know about the really big stuff, though. If we’re going to allow oligarchs to buy up streets of insanely expensive houses in London, we might as well milk them for it.

    It might be a good idea to look into discounting energy-efficient housing. You’re right, I do see the sense in that.

    (Long reply, and sorry for those too bored to read!)

  39. Anonymous

    A “poor teacher” in that parlance is one who isn’t able to forget modern education theories and relentlessly drill memorisation.

    The entire “mediocrity” comes from above! The proposals being mooted, which reduce employment protection (and which would be used as a crowbar to move closer towards right to fire) on the basis of no more than “I don’t like you, goodbye” on the part of the head teacher…

    And the rent cap would work like it does in any number of other countries, including quite a few major American cities. Really, it’s hardly an unknown concept!

  40. Iain Hill

    Miliband is surely a millionaire?

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