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, which affected his credibility. It highlights Labour's attempt to create a deficit policy and the importance of economic stability. The discussion extends to government spending, with Labour planning spending cuts if elected. Public trust in economic policies is compared between Labour and Conservatives, with Labour seen as less credible. The transcript concludes with Labour's accusations against the Tories' economic plans and the challenge of proving Labour's competence.

Why is it important for the Labour leader to have a strategy for dealing with the deficit?

• To reduce taxes

• To prevent economic instability

• To increase government spending

• To improve public services

What is Labour's plan if they win the election regarding government spending?

• Maintain current spending levels

• Increase spending in all departments

• Cut spending in nearly every department

• Focus spending on social issues

According to polls, which party is more trusted on economic issues?

• Conservatives

• Labour

• Liberal Democrats

• Green Party

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

• Planning to increase public service spending

• Planning to maintain current public service levels

• Planning to cut public service spending to 1930s levels

• Planning to privatize public services

What challenge does Mr. Miliband face in persuading people about Labour's economic competence?

• Frequent Conservative criticism

• Lack of media coverage

• Internal party disagreements

• Public disinterest in economic issues