Supporting the recovery is essential. We are emerging from a global recession and the decisions we make now will shape the next decade. Cutting support now risks derailing the recovery.

And as we secure the recovery we must do two things. Reduce borrowing at a sensible pace so we do it without damaging the fabric of the country. Our plan to halve the deficit in four years is one of the most ambitious of any G7 country.

Second, we must create the conditions for future jobs and opportunity. Just as we took action to prevent the collapse of the economy, we must now take action to make the most of the global recovery. Alongside private endeavour and ingenuity, Government investment in education and skills, in transport and infrastructure, plays a vital role in supporting future opportunity and jobs.

In contrast, the Tories want to cut immediately regardless of the consequences. This is a reckless and irresponsible commitment which would put the recovery at risk.

And while we are setting out the role active government can play in supporting private enterprise and investment, they have no plan for future jobs and growth. They offer only a decade of austerity and low ambition.

Their strategy of nods and winks is unravelling. Two months after we asked serious questions about their spending plans, they still cannot answer which promises they are standing by and which they are abandoning. We still hear from them vague and unfunded promises about married couples tax breaks. And while they threaten to cut the tax credits of families on modest incomes, they promise to spend even more through tax giveaways to the wealthiest estates.

What is clear is that the Tories not only pose a risk to the recovery now, but have no credible plans for jobs and opportunity for the future.

So the country faces a choice between growth and increasing prosperity with Labour, or a decade of austerity, low growth and low employment under the Tories.

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1. Supporting the recovery

2. Securing Jobs

3. Securing Investment

4. Securing Homes

5. The Tories: Putting the recovery at risk

6. The Tories: Failing to support the recovery in 2010

7. The Tories: A credible plan?

8. The Tories: Talking Britain Down