To restore the trust of voters that may have lost confidence in the economic decisions of the Labour party, party leader Ed Miliband made some significant promises in a recent Labour Party Conference. During his speech at the conference Miliband placed emphasis on the fact that he is somewhat of an outsider to the political arena, and is therefore on the side of the working class in Britain, vowing to break through some of the closed circles of the British political system.
While the speech Mr. Miliband gave in Liverpool appeared to shift his opinions towards a more liberal stance, he also acknowledged that the past three decades have seen a plethora of unkept promises, with previous political leaders ultimately failing to escape the archaic ways of the past to solve next-generation problems.
The party leader also criticised profit-driven businesses that are quick to cut corners to increase profits, yet are hesitant to give back to society or benefit the economy. To be specific, Mr. Miliband was adamant about the unfair practices of energy companies and other corporations that play an important role in the British economy.
To help solve the seemingly unfair management and operation of economically detrimental companies, Miliband recommended assigning a worker’s representative to each company board to maintain a nonbiased, financially rational approach. Although the speech itself lacked substance in regards to specific policy guidelines, it served to portray Miliband’s promise that he would work to defend the rights of the working class.
As part of his agenda, he stated that any businesses that were able to give value back to the economy would be publicly commended and rewarded, while those that were detrimental to the economy would be targeted and scrutinized. While the speech was generally well taken by the audience, some speculated that he overly villainised UK businesses without mentioning important underlying issues.
