Politics 5 November 2012 Ed Miliband:"The proceeds of economic growth are not being fairly distributed any more" Business quote of the day. Sign up for our weekly email * Print HTML "We've got a growth crisis in Britain, but we've also got a living standards crisis because the proceeds of economic growth are not being fairly distributed any more" Ed Miliband told the Independent on Sunday he will unveil plans of a “living wage” of at least £7.20 per hour if Labour wins the next election. He also mooted rules forcing government contracts to be given to only those firms who pay workers the living wage as a minimum, as part of his "One Nation" vision for Britain. › Paddy Power pays out on Obama victory Ed Miliband will unveil plans of a “living wage”: Photograph: Getty Images Helen Roxburgh is the online editor of Economia Subscribe from just £1 per issue More Related articles Jeremy Corbyn has found a vulnerable spot on Theresa May and trade Politicians are worried that their pensions are destroying the planet. Is yours? Nap Store: Where did all these new mattress start-ups come from?