The question now is, where have Labour been for the past 4 years? Most of their solutions have been lifted from the pages of Coalition documents. For example, they call for the creation of two new banks from RBS and Lloyds, though this is already happening. They demand that the likes of Lloyds be forced to sell branches. This is happening. Perhaps Rip Van Winkle has been writing Miliband’s speeches.
It is interesting to watch the “socialist” comrades on my patch in the North East be incredulous with rage when they are accused of allowing the Big Six energy companies to be formed when they were in office. It will be interesting to see how they respond when they are reminded that they allowed, indeed promoted, the creation of gigantic banking corporations.
Labour will now do what they can to detract attention away from the economic recovery they predicted would never happen. So watch out for more Miliband speeches in which he attacks the legacy of the government of which he was a part without accepting any responsibility for the decisions that created that legacy.