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Across Europe, the dramatic shift of political strategy is still poorly understood by progressives.
If the party is to offer a positive account of how it would govern in tough times, it must rigorously define future spending priorities.
No one is more conscious than Miliband that he is leading the Labour Party during a period in which the left is at a perilously low ebb across Europe.
Rather than defending existing social security entitlements, politicians need to mobilise public support for a new set of social investment priorities.