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Ed Miliband's message to UK: ditch George Osborne or face 'lost decade'
Labour leader to warn that Britain could face same fate as Japan, but it is not too late to change
The Labour leader will say that the UK could endure a repeat of the prolonged Japanese downturn
of the 1990s unless measures are taken to stimulate growth.
Mr Osborne was dealt a further blow by the credit rating agency Fitch, which signalled
it is likely to strip the UK of its AAA credit rating next month.
Speaking in Birmingham, Mr Miliband will admit that his party will not automatically
benefit from the public losing confidence in the Coalition Government and will have to earn
people's trust at a time when many are giving up on politics.
He will argue that a Japan-style "lost decade" is not inevitable because there is an
alternative to Mr Osborne's economic strategy, saying that Labour's task is to convince
people that "it does not have to be this way".
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