Ed Balls has blasted the Conservative tax cuts, saying the numbers did not add up and that the public could not trust the party on VAT rise promises.
Mr Balls claimed the Tories had repeatedly claimed there would no VAT rises before previous elections before voting to rise the amount of tax paid on purchases.
Speaking in Leeds the Labour's shadow chancellor outlined Labour's tax pledges: "No rise in VAT, no rise in National Insurance, no rise in the basic and higher rates of income tax, but we will have a lower starting rate of income tax at 10p and we'll put the top rate up to 50% for people earning £150,000."
The personal tax allowance would rise to £12,500 under the Lib Dems, funded by a crackdown on tax dodgers, leader Nick Clegg has revealed.
Millions of households would be better off under a Tory government, David Cameron will claim today as he hails "money-back Monday".
A Conservative government would aim to double the number of first-time buyers by 2020, the Chancellor has declared.