Miliband rules out EU referendum

Labour have effectively ruled out an EU referendum, saying there is an "overwhelming economic case" for being in the EU.

Ed Miliband said today that there would only be an in/out referendum on our EU membership if there was a significant transfer of power to the EU. As the Lisbon Treaty was an enabling act, it is unlikely that a new treaty will ever be needed for future power grabs so in Miliband's own words: a referendum under a Labour government is "unlikely".