“Under Labour, social mobility stalled, youth unemployment rose and educational inequality increased. As Liam Byrne said, they left us with no money and a toxic debt to clear.”

Commenting on today’s speech by Ed Miliband, Liberal Democrat Party President Tim Farron said:

“Ed Miliband is showing utter contempt for the intelligence of the British people. The Labour Party’s gift to the next generation was an economic crisis and massive debt.

“It is depressing that someone who was at the heart of the Labour Government and was a key part of the legacy they left, is now denying any responsibility. His selective amnesia and attempts to blame others for his party’s failings are shameful.

“Under Labour, social mobility stalled, youth unemployment rose and educational inequality increased. As Liam Byrne said, they left us with no money and a toxic debt to clear.

“By cutting the deficit and re-balancing the economy, this Government will put Britain back on its feet.”