Ed Miliband to give a speech on Labour's plan for the British economy

The transcript discusses the Labour leader's omission of the deficit in his speech, damaging his credibility. Labour is now formulating a policy to balance Britain's books, emphasizing the importance of addressing the deficit. The shadow chancellor, Ed Balls, indicates that if Labour wins, spending cuts will be necessary. Public trust in Labour's economic policies is lower than in the Conservatives, who are seen as more credible economically. The transcript highlights the political battle over economic competence, with Labour trying to prove its capability against Conservative accusations.

Why is the Labour leader's credibility questioned in his recent speech?

• He failed to address the deficit.

• He promised to increase taxes.

• He criticized the NHS.

• He supported the Conservatives.

What is the Labour party's plan if they win the election?

• Increase public sector jobs.

• Cut spending in most government departments.

• Raise taxes for the wealthy.

• Expand the NHS budget.

Which party is seen as more credible on economic issues?

• Labour

• Conservatives

• Liberal Democrats

• Green Party

What accusation does Miliband make against the Tories regarding public services?

• They plan to privatize the NHS.

• They intend to cut public service spending to 1930s levels.

• They will eliminate social welfare programs.

• They will increase taxes on the middle class.

What is the main challenge for Labour in proving their economic competence?

• Reducing NHS funding.

• Overcoming the perception of past economic failures.

• Increasing taxes on the wealthy.

• Gaining support from the business community.