Mr Miliband said that Britain's "One Nation" spirit was shown in the Second World War, when people of all backgrounds worked together to defeat Hitler's Germany, and in the post-war era of Labour prime minister Clement Attlee, when they worked together to rebuild the battered country.
He stressed that he was not offering a return to the politics of Attlee or Disraeli, but calling upon the country to show the same spirit in rebuilding Britain's economic prosperity in the wake of the financial collapse and recession.
Britain has overcome its greatest challenges by coming together as "One Nation" in the past, and can overcome the challenges of 2012 by doing the same now, he said.
He set out his proposals for a one nation banking system, in which deposits left by ordinary savers in high street branches cannot be used in the "casino" activities of the same bank's trading arm; One Nation education, providing a "gold standard" vocational education with English and maths to 18 for children who are not going to university; and One Nation business, with reforms to takeover rules and shareholder rights to encourage long-term investment.
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