Miliband condemns coalition 'myth'

Some are blaming the Labour party for the bad state of the economy. They say that the Labour overspent and that’s the reason the deficit went up. Mr Miliband angrily rejected this and called it a deceit attempt to blame Labour. He also claims that the government statement that deep and fast cuts are needed is only a “myth”, and that the rise in VAT is a damaging part of it. A higher bank levy would be a better alternative to the VAT rise, he suggested. However, many criticized him by saying that he is wrong and even demanded an apology for the mess that Labour left behind. MP Matthew Hancock: “the more Ed Miliband tries to deny his involvement in bringing Britain to the brink of bankruptcy and deny the need to deal with Britain’s debt, the more Labour’s economic credibility sinks”



The rise in VAT is a damaging part of the Government's "myth" that deep and fast cuts are needed to rescue the economy, Labour leader Ed Miliband has said.

First of all I am not really in to politics. However, having read this article the question arises, is it necessary to put the blame on someone or even make him apologise? I mean what good can come out of it. I think the people should move on and rather put their energy in thinking of a way to overcome the crisis. Furthermore, not only Britain has to make deep and fast cuts but almost every country. So he may think it is a myth but the reality shows different. People should not forget that sometimes economical changes can be effected by external factors which you don’t have any control over. By knowing that most countries are effected people should not search for some one to blame, and it is because the problem is clearly on a bigger scale.

source :

http://uk.news.yahoo.com/21/20110106/tuk-miliband-condemns-coalition-myth-6323e80.html