Labour party

On Friday, Ed Miliband pledged to introduce greater competition in our banking market. Last September, he pledged to freeze energy prices for 20 months while our broken energy market is reset to expand competition and consumer choice. Reforming broken markets to increase competition and address the long-term sources of our cost-of-living crisis might seem an unusual theme for Labour to champion. In fact it is an approach that has learnt from a progressive conservative tradition, one that understands the importance of reform to ensure that markets remain open and competitive. Noone understood this idea better than the American President Theodore Roosevelt – a passionate believer in free enterprise, and a tenacious advocate of market reform.

Ed Miliband has spent the past few months celebrating the success of his conference pledge to freeze energy prices. He was so pleased with the disruption that this caused that he referenced it in his speech on banking reform today. He is right to be pleased with that pledge. It was a hit. It's just that today's speech, built up by the Miliband camp as the sequel to the price freeze, was the political equivalent of a difficult second album. You could see what he was trying to do. Sections of the speech were straight from the Obama playbook, just as his conference speech was, with appeals such as 'Britain can do better than this' and lines such as 'we believe we can tip the balance away from struggle and towards hope'. But the playbook lines weren't played very well.

George Osborne’s decision to back an above inflation increase in the national minimum wage is his most politically significant decision since his decision to cut the 50p rate. It also makes that decision far less harmful politically. Reducing the top rate of tax might have been the right thing to do economically but it hurt the Tories politically. It enabled Labour to claim that this was a government for the rich and that the recovery was only benefitting the few. By contrast, this decision allows the Tories to emphasise that, in Osborne’s phrase, this is ‘a recovery for all.’ There will be those on the dry right who don’t like this policy. They’ll argue that it’ll cost jobs.

Is the improving economy harming Labour’s standing? According to a new Guardian/ICM survey out today, Labour is still ahead of the Conservatives by three points — but the gap is slowly shrinking. Since the last ICM poll in December, Labour’s lead has dropped to just three points, down from an eight point lead in November: Today’s poll also looks at how assured people are feeling about their own financial position and their ‘ability to keep up with the cost of living’. 52 per cent now feel confident about the state of their personal finances — the highest level since October 2010.

Alex Salmond might not wish to be compared to Gordon Brown but there is one sense in which the two dominant Scottish political personalities of the age are more alike than either would care to acknowledge: they each love a good dividing line. In Edinburgh yesterday Salmond announced that all pupils in their first three years of primary school would henceforth be entitled to a free school lunch. This, he claimed, would save parents £330 a year per child. A useful benefit for those parents whose offspring do not currently qualify for free meals; a means of ending, the First Minister suggested, the stigma presently endured by those children who do rely on free meals. Labour voted against the proposal. Cue much celebration in Natland. Another dividing line has been established.

Ed Miliband did vow to 'relentlessly' focus on the cost of living crisis facing hardworking families up and down the country (hopefully someone will develop a shorthand outline for this rather lengthy saying to save the pens of journalists who have to write it down repeatedly at launch events over the next 12 months) in 2014. So we should have expected this relentless focus to see Miliband's shadow ministers pointing angrily at every expensive thing that they can find, regardless of whether it's particularly heart-rending. Today we heard Luciana Berger thundering that David Cameron is so evil that he's putting people off their new year's resolutions.

Yes, Eric Joyce, the MP for Falkirk until the next election, has issues. Yes, his copy book is well blotted. He has a conviction for assault which scarcely reflects splendidly upon him (even if many members of the public themselves wouldn't mind sticking-the-heid on any number of MPs) and in his dozen or so years in Westminster he has made energetic use of his parliamentary allowances. Yes, yes, yes. But I have some time for almost anyone declared "unfit to stand for the Labour party". It's a kind of character reference. Moreover and despite his troubles, Joyce possesses many of the qualities we should desire in our parliamentary representatives. Chief of these, intelligence and an independent spirit. He may be mistaken on many issues but that's not the point.

Ed Miliband's housebuilding announcement today is rather a re-heated announcement of his conference pledges on housing. Eric Pickles has already set out on Coffee House his belief that these new ideas are 'more of the same high-tax and top-down policies that led to their housing boom and bust'. The announcement certainly allows for a bit of a knockabout between the two parties, neither of which has much to boast about when it comes to housing, but there's one point that's worth noting about the Labour leader's announcement today.