'Project Ed' to be relaunched –with a dose of economic reality

The Labour leader today takes the fight to Cameron in a speech focusing on a 'responsible capitalism'

Ed Miliband will today warn Labour that "the party is over" and that if it regains power it will have to cut rather than boost public spending.

In a speech seen as crucial to Labour's and his own prospects after a difficult start to the year, Mr Miliband will seek to reassure voters that his party accepts there can be no return to the ever-rising state spending of the Blair-Brown era.

"Next time we come back to power, it will be different," he will say. "We will be handed a deficit. Whoever is the next Prime Minister will not have money to spend. We will have to make difficult choices that all of us wish we did not have to make."

Crucially, he will argue that accepting the need to wipe out the deficit does not mean making the same choices as the Conservatives. "Labour knows what fairness means. It always will. But we must rethink how we achieve it for Britain," he will say.

Mr Miliband will outline three ways Labour would deliver fairness without raising public spending – reforms to ensure long-term wealth creation with rewards fairly shared; tackling vested interests such as the banks, energy and rail companies and making choices that favour the "hard-working majority".

Labour aides deny today's speech to the London Citizens community organisation is an attempt to relaunch Mr Miliband's leadership after growing internal criticism and fears that the party is losing the economic argument.

The Shadow Cabinet has been agonising over the Opposition's stance for weeks. Ed Balls, the shadow Chancellor, has been reluctant to give any impression that Labour is endorsing the Coalition's economic strategy because he is convinced its cuts have strangled growth.

Mr Miliband has insisted Labour toughens its language on the deficit. He will say: "In the short term, where the Government is stripping demand out of the economy, we would go less far and less fast. We call for these things not because we aren't interested in dealing with the deficit. We call for them because we are. And the sooner growth and jobs return the easier it is to deal with the deficit we face."

Mr Miliband will say Labour's offer at the next election will be different to both the Conservatives and the previous Labour government. He will admit: "The ideas which won three elections between 1997 and 2005 won't be the ideas which will win the election in 2015."

Dismissing the sniping about his performance, the Labour leader will argue that he has set the political agenda on "the squeezed middle, the next generation and responsible capitalism".

He will say: "Suddenly David Cameron is falling over himself to say he too is burning with passion to take on 'crony capitalism'. Now he has accepted this is the battleground of politics, I say: 'Bring it on.' The core belief of David Cameron is that we can solve the problems Britain faces by government getting out of the way. His answer to the problems thrown up by an economic crisis caused by faith in free market fundamentalism, is simply more of the same."

News
Denny Miller in 1959 remake of Tarzan, the Ape Man
people
Arts and Entertainment
Cheryl despairs during the arena auditions
tvX Factor review: Drama as Cheryl and Simon spar over girl band

News
Piers Morgan tells Scots they might not have to suffer living on the same island as him if they vote ‘No’ to Scottish Independence
news
News
i100Exclusive interview with the British analyst who helped expose Bashar al-Assad's use of Sarin gas
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
Sport
Angel Di Maria celebrates his first goal for Manchester United against QPR
Football4-0 victory is team's first win under new manager Louis van Gaal
Arts and Entertainment
art
News
newsIn short, yes
Arts and Entertainment
Rob James-Collier, who plays under-butler Thomas Barrow, admitted to suffering sleepless nights over the Series 5 script
tv'Thomas comes right up to the abyss', says the actor
Arts and Entertainment
Calvin Harris claimed the top spot in this week's single charts
music
Sport
BoxingVideo: The incident happened in the very same ring as Tyson-Holyfield II 17 years ago
News
Groundskeeper Willie has backed Scottish independence in a new video
people
Arts and Entertainment
The Doctor poses the question of whether we are every truly alone in 'Listen'
tvReview: Possibly Steven Moffat's most terrifying episode to date
News
i100
Life and Style
Cara Delevigne at the TopShop Unique show during London Fashion Week
fashion
News
The life-sized tribute to Amy Winehouse was designed by Scott Eaton and was erected at the Stables Market in Camden
peopleBut quite what the singer would have made of her new statue...
Sport
England's Andy Sullivan poses with his trophy and an astronaut after winning a trip to space
sport
News
peopleThe actress has agreed to host the Met Gala Ball - but not until 2015
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Teaching Assistant for KS1 & KS2 Huddersfield

£50 - £65 per day: Randstad Education Leeds: We are looking for flexible and i...

Teaching Assistant for KS1 & KS2 Huddersfield

£50 - £65 per annum: Randstad Education Leeds: We are looking for flexible and...

Primary Teaching Supply

£130 - £160 per day: Randstad Education Leeds: Qualified KS2 Supply Teacher r...

Year 1/2 Teacher

£130 - £160 per day: Randstad Education Leeds: Qualified KS1 Teacher required,...

Day In a Page

These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week
The fall of Rome? Cash-strapped Italy accused of selling its soul to the highest bidder

The fall of Rome?

Italy's fears that corporate-sponsored restoration projects will lead to the Disneyfication of its cultural heritage
Glasgow girl made good

Glasgow girl made good

Kelly Macdonald was a waitress when she made Trainspotting. Now she’s taking Manhattan
Sequins ahoy as Strictly Come Dancing takes to the floor once more

Sequins ahoy as Strictly takes to the floor once more

Judy Murray, Frankie Bridge and co paired with dance partners
Wearable trainers and other sporty looks

Wearable trainers and other sporty looks

Alexander Wang pumps it up at New York Fashion Week
The landscape of my imagination

The landscape of my imagination

Author Kate Mosse on the place that taught her to tell stories