The Rt Hon Ed Miliband, leader of the Labour Party, delivers the Sheffield Political Economy Research Institute (SPERI) inaugural lecture from the University of Sheffield's Octagon Centre on 9 February 2012. "The right institute, at the right time, in the right place".

The University of Sheffield's Professor Tony Payne, co-director of the Sheffield Political Economy Research Institute (SPERI), gives an introduction to this new research institute at the SPERI inaugural lecture.