Ed Miliband will set out his economic plan for after the general election today, saying he is keen to reward those hardworking low and middle-income families.
Ed Miliband
The gap between rich and poor is increasing in this country, and Miliband looks set to accuse the Conservatives of only focusing and looking after the rich.
Miliband has already voiced his support for the living wage but promises to raise the minimum wage to £8 by 2020 should he win the general election in May.
Miliband's economic plan comes a week after David Cameron slammed the party and calling on the electorate not to trust them with their business. However, Miliband is set to hit back today telling those who are set to vote that there will be two plans at this election to choose from.
Miliband is expected to say: "A failing plan under which we would carry on as we are with a government claiming the economy is a success when it only works for a handful of people at the top.
"Or a new plan, a better plan, that says this economy must succeed for working families if Britain as a whole is going to succeed.
"Nothing more symbolises their failing plan than seeing the tax gap - between what should be paid and the revenue received - widening while the number of apprenticeships available for young people is falling."
Last week HSBC and some of the UK's most wealthy people were embroiled in another tax evasion scandal, and Labour have promised to clamp down hard on those who fail to pay the tax that they owe.
Former business secretary Peter Mandelson, who went on to attack the cuts imposed by the coalition, has met the new economic plan from Labour with support.
Writing in the Guardian he said: "The Plan for Britain's Prosperity that Labour is publishing shows that these two elements are part of a bigger whole, the aim of which is not only to ensure a fairer distribution of wealth, but significantly to expand the productive potential of the British economy"
He continued: "The coalition opted...for faster, deeper cuts in public spending and in investment than were wise and did not send a balancing message about fairness that limited tax increases on those with the broadest shoulders would have done.
"These measures not only held back the recovery by excessively reducing demand, but severely damaged public services on which towns and neighbourhoods depend, and weakened the economy's infrastructure. Despite the current signs of improvement, Britain's longer term growth prospects are not as good as they should be."
Miliband will unveil his economic plan Jaguar Land Rover in Wolverhampton later today.