Miliband: Economy too dependent on financial services

Miliband made clear his belief in the need to reduce the deficit, and even admitted he would not oppose all of cuts the government will make. He said: "We must win back economic stability by the next general election." However, the leader of the opposition said the Coalition's deficit reduction plan is on too large a scale and in such a short time period it will do more harm than good, and accused the Conservatives and Liberal Democrats of "irresponsible" cuts. "When you strip your recovery plan down to deficit reduction alone, you have no plan for growth, and that is what this govern...