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 crafting a policy to balance the deficit, emphasizing the importance of a strategy to avoid economic instability. The need for government spending restraint is acknowledged by all parties. Polls show Labour is less trusted on the economy compared to the Conservatives, who are seen as more credible economically. However, Labour is stronger on social issues. The transcript highlights the divide in economic credibility and the accusations between parties regarding economic plans.

How do polls suggest the public perceives Labour compared to the Conservatives on economic issues?

What challenge is Mr. Miliband facing in persuading voters about Labour's competence?