Ed Miliband elected new leader of Britain's Labour Party

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Former climate change minister Ed Miliband was elected the new leader of Britain's opposition Labour Party on Saturday, beating his older brother David in a knife-edge race. After a four-month contest triggered by Labour's heavy defeat in the general election, Ed Miliband won by 50.65 percent to 49.35 percent for David, the former foreign minister and one-time frontrunner. Duration: 02:17.

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