Global financial system is failing developing countries, says Ed Miliband

UK foreign secretary will call for World Bank and others to help governments trapped by hefty borrowing costs The foreign secretary, Ed Miliband, will claim the global financial system is failing developing countries, as he calls for a “new deal” for governments struggling under the burden of debt. Promising to throw the UK’s diplomatic weight behind urgent reform, he will evoke the example of the Gleneagles…