This must be a change election for Labour: we must change to win. I will build on the great things we achieved in Government. But we should be under no illusions: to return to power we must put the era of New Labour behind us.

We lost the election because people lost a sense of who we are and what we believe. What connects SureStart centres, devolution and the minimum wage is that, our values were at the heart of these policies. What connects Iraq, top-up fees, the 10p tax rate, and the factionalism that marked the worst of our time in government is that we failed to put our values into practice.

We need a leader who is proud of our Labour values and will speak up for them loudly and clearly. We need a leader who will campaign for the good society as well as the good state.

When a nurse earns less in a year than a banker earns in a week and the gap grows wider every year, it is unjust, it is bad for society, it is bad for our economy and we should say so. That is why I support Compass's call for a High Pay Commission. And to support low paid workers, I am putting the Living Wage front and centre in my campaign for the leadership, because it exemplifies the principles of the good society.

I will introduce a graduate tax to end the unfairness of tution fees. I will introduce an active industrial policy that supports British business and helps create the green industries of the future. I will act to create an economy that allows Britain to compete for high-skill, high-wage jobs not the kind of maximum flexibility labour markets which drive down wages and skills. I will base our foreign policy based on values not simply our alliances. We must learn lessons from the mistakes of Iraq.

But if we are to win again, we don't need just need a new approach to policy. We also need a new approach to politics. As leader I would reconnect with members, growing our party by treating it not as a fan club but as a living, breathing movement. I would listen to CLPs, giving them the freedom and tools to recruit, to debate, to contribute to policy formulation in a meaningful way and to coordinate with trade unions and voluntary groups in campaigning on local issues. I am proud that my campaign is built around by small donations from over 500 people and is led by 1000 volunteers.

Our values of equality, solidarity and opportunity are what brought me into the party as a teenager. I will turn those values into action. We won't get back into power or sustain ourselves in power unless we create a genuine Labour movement again. My vision is to inspire millions to join us in our vision of a fairer, more equal, more just society.

Rt Hon Ed Miliband MP