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Miliband reiterates pledge to create a ‘competitive’ energy market

The leader of the Labour party Ed Miliband reiterated his promise to reform the energy market to make it more "competitive" at a party rally.

At a speech in Salford on Monday morning, he promised to reform the energy market to ensure the energy companies “operate in a competitive way”.

Miliband said a Labour government would ensure the suppliers “play by the rules” and that his party would make sure there are “no more broken markets”.

The market reform the opposition leader was referring to, but made no direct reference of, was his 2013 party conference pledge to freeze energy prices whilst market reforms – such as introducing a trading pool – are introduced.

Both coalition parties hosted press conferences after Ed MIliband launched his party’s general election campaign.

The deputy prime minister and Liberal Democrat leader, Nick Clegg, said that Labour and the Conservatives are the “biggest threats to our economy”.

He added that a future coalition government, including the Lib Dems, would be “anchored in the centre ground and not lurching to the extremes of left or right”.

Meanwhile, the Conservatives launched a “Red Book” which claims that more than £20 billion of Labour’s policy promises are “un-costed”. Chancellor George Osborne said voters have a choice between the economic “competence” of the Tories or the “chaos” of Labour.