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mutual obligations: Photograph: Matt Cardy/Getty Images Analysis Labour policies on the economy fall into two broad categories: fairness, and long-termism, according to The Guardian. Miliband wants to help create what he calls an economy based on mutual obligations , instead of one in which the richest always win. Facebook Twitter Pinterest Labour has promised a cap on gas and electricity bills. That philosophy embraces tax promises, including re-introducing the 10p starting rate for the lowest-paid. Related:Labour manifesto pledges to boost minimum wage and cut deficit Miliband is determined to junk the post-Thatcher consensus that promoting economic growth meant protecting wealth-creators at the top of society – a view he and his supporters believe was comprehensively disproved by the great recession and its aftermath. But it is also about making Britain underlying economic model fairer so, for example, there are a series of measures aimed at taming runaway corporate pay, including forcing firms to offer their staff a seat on the remuneration committee. (news.financializer.com). As reported in the news.