Shadow Chancellor Ed Balls has insisted Labour will cut spending to help get rid of the budget deficit, but will do so in a fairer way than the Conservatives.
He told ITV News:
The next Labour government will cut spending to get the deficit down, will get the budget balanced and into surplus as soon as possible in the next Parliament and the national debt falling but we'll make different choices from George Osborne to do things in a fairer way. We will reverse the top rate tax cut and we will have to take the Winter [Fuel] Allowance away from the richest pensioners.
The Chancellor must tell voters whether what he's proposing is really a re-think of the role of the state.
For all the criticism of spending reductions under the Coalition, there are actually more cuts to come after 2015.
Could what seems like a lifeline for buyers - the overhaul of the unpopular stamp duty - actually make it harder to land a property?