Power to people, says Miliband

LABOUR could bulk-buy electricity to sell at a discount in an effort to show the party can help people despite being out of power, it was revealed last night.

Ed Miliband praised the proposal as “outstanding” and embodying the concept of responsible capitalism.

The idea has come from American community activist Arnie Graf, who is advising Mr Miliband on how to revitalise the party.

The Labour leader said: “It is an outstanding idea. It might involve working with, or emulating what [activist organisation] 38 degrees and Which? magazine are trying to do, which is to sign up people to bulk-buy energy from the energy companies.

“We are thinking of going to the energy companies as the Labour Party so that ‘responsible capitalism’ is not just an idea, but something practical.”