In the first Prime Minister’s Questions since Cameron promoted and demoted several of his ministers, Miliband said: “It is the same old faces, the same old policies, a no-change reshuffle.”

Miliband went for the jugular over the Coalition’s economic policies, stating that the Tories’ “fundamental economic approach is wrong. In [Cameron’s] two-and-half-years as prime minister, the British economy has not grown at all. Why does he not admit it – the real problem is that ‘Plan A’ has spectacularly failed”.

He also said that Ken Clarke’s new role as minister without portfolio meant the Coalition now had “two part-time chancellors”.

In a further dig at George Osborne, who remains chancellor, Miliband referred to the Paralympics crowd that booed several senior cabinet ministers including Osborne this week, saying they had “spoken for Britain”.

Cameron insisted the reshuffle was aimed at focusing every single government department on boosting growth, in order to usher in a new era for the economy.

“This is a government that means business. We have got the team to deliver it,” he said.

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