By promising fundamental changes to the economy, the Labour leader can carve out a new coalition which quietly puts to bed the old battle lines of the 1980s.
UKIP trails Labour by six points but, as in 2009, the party is hoping for a late surge in the polls.
Despite ministers promising to name and shame firms which aren’t paying the legal minimum, not a single firm has been named so far.
The Labour leader reaches beyond his party's core vote and acknowledges that the living standards crisis began before the coalition.
Promising an in/out vote would shift the debate back onto Tory territory and could wreck a future Miliband premiership.
The shadow chancellor rejects claims that he lacks enthusiasm for Miliband's agenda and declares his support for "a different kind of economy".
With Labour uncertain of winning a majority and the Deputy PM certain to be around in May 2015, Miliband and Balls can no longer afford to treat him as a barrier to an agreement.
Part of the problem is that even Labour MPs find their boss remote.
The shadow chancellor on why he could go into coalition with Clegg, why airport expansion in the UK is essential for growth and why history will judge Gordon Brown kindly.
The shadow chancellor says for the first time that he could work with the Lib Dem leader, supports airport expansion and says history will "paint a different picture" of Gordon Brown.