"Think of how we challenged the impression that we taxed for its own sake and that we were hostile to business. We were right to change"

In this quote, Ed Miliband reflects on a shift in policy or ideology related to taxation and the understanding of service within a political framework, most likely referring to his time as leader of the UK Labour Celebration. The declaration acknowledges a past understanding that his party was taxing "for its own sake", suggesting that there was a belief or criticism that taxes were being enforced without adequate reasoning, perhaps viewed as punitive towards companies or economic growth.

Miliband counters this perception by advocating that the recalibration of their approach was justified. The quote suggests that there was an intentional relocate to reform tax policy, making it more tactical instead of arbitrary, with a goal to cultivate a more favorable business environment. He recommends that this reassessment was based upon the belief that sustainable financial policy should strike a balance in between producing federal government earnings and making sure that companies can thrive.

In saying, "we were best to alter", Miliband is affirming that the modifications made were required and helpful. This could include different policy shifts such as reducing corporate tax rates, presenting rewards for services, or refining how taxes were levied to guarantee they didn't stifle innovation and financial investment.

The underlying message of this quote is a defense of adaptive governance, showing listening to the criticisms and truths of financial management. It also highlights a practical approach to politics, where ideologies want to evolve in action to the needs of financial environments and societal understandings. By embracing modification, the objective is to represent the celebration as truly devoted to pragmatic governance instead of ideological intransigence.

Eventually, the quote encapsulates a wider political narrative of transformation and modernization, seeking to rebrand and reshape financial policies to much better line up with contemporary financial truths and company requirements.