Labour's Ed Miliband: Social security systems needs reform

Labour leader Ed Miliband has promised to cap spending on social security so that a future Labour government could "turn the economy around''.

''Controlling social security spending and putting decent values at the heart of the system are not conflicting priorities,'' he said in a speech in east London.

Earlier this week, shadow chancellor Ed Balls said the party would end winter fuel payments for pensioners on high and top-level income tax rates.

Labour's leadership has also indicated that it will would reverse the coalition's decision to axe child benefits for households where one person is earning at least £50,000.