Miliband warns City of shake-up

first_img Ed Miliband warned that every chief executive in the UK should brace themselves as his party seeks a “fairer deal” for workers. The new Labour leader said that the UK was too dependent on the financial services industry and that the economy needed to be overhauled.“We were too exposed to financial services as an economy so the impact of the crash on the public finances was deeper on us than on others.“We need a plan for change. A plan to reform the banks, invest in the industries of the future and support the small businesses and entrepreneurs who can be the lifeblood of our economy,” he said.Miliband, speaking at Labour’s conference in Manchester, said he understood voters’ anger that: “Labour hadn’t stood up to the old ways in the City which said deregulation was the answer.”He said that it was wrong that a banker “earned more in a day than a care worker earned in a year”. Miliband said he would be pursuing a policy ensuring a “living wage” – higher than the current minimum wage – and urging wage restraint at the “top of society”.He also attacked Gordon Brown for boasting of an “end to boom and bust”.However, he also warned that he would have “no truck” with unions who acted irresponsibly. whatsapp Show Comments ▼ whatsapp Tags: NULL Tuesday 28 September 2010 10:30 am John Dunne More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: Miliband warns City of shake-up Sharelast_img read more