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Ed Miliband calls for 'big change' in business speech

3 July 2014 Last updated at 14:52 BST

The UK needs "big change", the Labour leader has claimed, in a speech aimed at wooing the business community.

Ed Miliband cited changes to the banking industry as reforms which he believes are "pro-business" and warned of the "threat to jobs and prosperity" an exit from the EU could bring.

Speaking to the BBC's business editor Kamal Ahmed, Mr Miliband also responded to a secret recording of the party's policy chief, John Cruddas, in which he criticises the Labour leader and the direction of the party.

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