Video: Labour leader Ed Miliband’s speech in Manchester

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Ed Miliband is launching the Labour Party’s General Election manifesto in Manchester with a pledge to cut the deficit in Britain’s public finances every year until they are back in the black.

The first page of the manifesto document will commit a new Labour government to a “budget responsibility lock”, guaranteeing that every policy is fully costed and will not require any additional borrowing. However - unlike the Conservatives and Liberal Democrats who launch their manifestos later this week - it offers no timetable for clearing the deficit, saying only that it will get national debt falling and a surplus on the current budget “as soon as possible in the next parliament”.

Labour Party leader Ed Miliband   launches his party's manifesto Pic: Stefan Rousseau/PA Wire

Labour Party leader Ed Miliband launches his party's manifesto Pic: Stefan Rousseau/PA Wire