Labour is pledging not to introduce any new public borrowing as the party launches its election manifesto at an event in Manchester today.
Ed Miliband, the Labour leader, will tell his audience: “The very start of our manifesto is different to previous elections. It does not do what most manifestos do. It isn’t a shopping list of spending policies."
The manifesto is expected to include policies to boost childcare and health spending, freeze gas and electricity bills, raise the minimum wage to £8 an hour and restrict zero-hours contracts.
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The campaign has begun in earnest to win over the public in what is likely to be one of the closest general elections for generations.
Polling has the Tories and Labour neck-and-neck, while it is generally accepted that the number of votes for the Lib Dems, Ukip, Greens and others will have a big impact on the make-up of any potential coalition government.
Follow all the latest developments, polls and political commentaries throughout the day here.