If the party does borrow for investment after 2015, it will be childcare, jobs and housing that benefit.
Faced with austerity and a crisis of public confidence, we need to get money out of Whitehall and down to communities where it can be used to best effect.
Miliband must address deeper public grievances if banking, benefits and other reforms Labour announces this month are to even get a hearing.
“We are the party born of the self-respect and solidarity of working communities.”
The party needs a "social investment" strategy to reduce the subsidisation of private landlords, low-paying employers and long-term worklessness.
By seeking to ensure that all jobseekers acquire English and maths skills, the party is tackling one of the long-term causes of unemployment and of low pay.
It would look presumptive to start naming his cabinet before the election and would put him under pressure to guarantee others their jobs.
The Labour leader argued convincingly that the cost-of-living crisis is the direct result of the deep structural faults in the economy.
Shadow chancellor insists "there’s no prospect of an unhappy relationship" but says the Bank of England governor is wrong to oppose a cap on bank bonuses.
By conceding that a large rise would not cost jobs or damage the public finances, Osborne has made it harder for the Tories to credibly oppose a more radical offer from Miliband.