Politics 5 November 2012 Ed Miliband:"The proceeds of economic growth are not being fairly distributed any more" Business quote of the day. 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 More Related articles We are heading for the next recession – it's crucial the right people are in charge Five years of profitable themes and stocks… Chinese loan sharks are using nudes as collateral. Is this the grim future of revenge porn?