Labour leader Ed Miliband has opened his major speech thanking his audience for "choosing to spend part of Valentine's Day with me and Ed Balls".
He is delivering a speech in Bedford in which he is expected to announce Labour's policy to reintroduce the 10p tax rate and a new 'mansion tax'.
Ed Miliband has turned political cross-dressing into an art form and has now laid claim to the party's reputation for cutting taxes.
Labour have unveiled two big economic ideas today, neither of them is particularly new and neither of them is particularly effective.
Ed Miliband and his shadow chancellor Ed Balls couldn't have been clearer. Scrapping the 10p rate of tax was a very, very bad mistake.