More trouble for "downgraded Chancellor" George Osborne.
While the coalition dithers on its growth strategy, the Labour peer has set out precisely the rebalancing the nation needs to recover from the crash.
"It is a Budget for an aspiration nation."
If the OBR forecasts a triple-dip recession and a higher deficit this year, the Chancellor's failure will be clearer than ever.
Support for Tory economic policy falls when Osborne's name is mentioned and support for Labour policy rises when Balls is mentioned.
What the Tories' latest PPB didn't mention: the UK has grown at a slower rate than every G20 country except Italy and Japan.
"Tax increases and spending cuts reduce economic growth", Office for Budget Responsibility head tells Cameron in letter.
The PM and the Business Secretary are making diametrically opposed arguments on borrowing for growth.
After the Business Secretary's dramatic suggestion that the government should borrow for growth, the PM will denounce those who would "plunge us back into the abyss".