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David's challenge to Ed...

By William Green on Feb 1, 12 08:41 PM
Win back the business vote. Surely that is the big challenge from David Miliband to Ed.

Of course, some might see it as an advert that David would do a better job of doing that if he was Labour leader...

It is an interesting point given the shredding of Fred Goodwin's knighthood after the crisis that hit RBS.

Here are the key sections:

It was a tough job to win back economic trust after 1992. The bequest from 2010 is even tougher. At the last election, not a single major business endorsed Labour, and we cannot afford that again.

The battle is not only a macroeconomic one about demand management and the deficit, vital though that is.

There is an investment crisis facing many western economies, squeezed between limited scope for public investment and private-sector deleveraging.

Its remedy will require deep-seated engagement with a changing economy, and the range of interventions and incentives that can stimulate it. It is about responsible capitalism. It is also about productive capitalism.

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