By Jon Craig, Chief Political Correspondent
Five Tory Cabinet ministers led by Chancellor George Osborne are to launch an assault on Labour spending plans they claim will be based on costings carried out by the Treasury.
Mr Osborne, Theresa May, William Hague, Nicky Morgan and Sajid Javid will claim Labour's commitments for its first year in office alone total many billions of pounds.
The Conservative attack will coincide with Ed Miliband launching Labour's General Election campaign, claiming the election will be a once in a generation fight about who the country works for.
"It is a choice between a Tory plan where only a few at the top can succeed and our public services are threatened - or a Labour plan that puts working people first, deals with the deficit and protects our NHS," he will say.
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The clash will come on what is effectively day one of the general election campaign, in which the Conservatives want the economy to dominate the agenda and Labour the National Health Service.
The Conservatives claim their analysis of Labour spending is based on official HM Treasury Opposition Policy Costings and other reliable sources.
"When we took office four and a half years ago, we were left a note by the Labour Party saying simply: 'there's no money left'," said a Conservative spokesman.
"The mess we were left behind by Labour threatened this country's economic security and the economic security of everyone living here.
"But the evidence we will produce shows that Labour have not demonstrated the fiscal discipline or economic competence that earns an opposition the credibility to form a government.
"The chaos of unfunded spending promises, higher taxes and more borrowing offered by Labour is a risk to economic recovery. Competence or chaos. That is the choice for the British people at the election."
But Labour's Shadow Chief Secretary Chris Leslie has already hit back, saying: "It is David Cameron and George Osborne who have made over £7bn of unfunded tax promises.
"These could only be paid for by another Tory VAT rise, even deeper cuts to public services or both.
"Labour has made no unfunded commitments. In fact the Institute for Fiscal Studies said last month that we had the most cautious approach and, unlike the parties, had promised no net giveaways."
Speaking to a rally in Manchester, Mr Miliband will urge activists and supporters to mobilise for an unprecedented four million doorstep conversations with voters in the next four months.
"We will offer hope, not falsehood," he will say. "We know the depths of our values matter more than the depth of our opponents' pockets. We will win this election, not by buying up thousands of poster sites, but by having millions of conversations."
Attacking the Tories on the economy, the Labour leader will say: "It's the first time since the 1920s that working people will be worse off at the end of a parliament than they were at the beginning.
"At a time when education and training are critical to the chances of earning a decent wage, tuition fees have trebled and apprenticeships for young people are falling.
"And think what has happened to our NHS: longer to wait to see your GP, longer to wait in A & E, longer to wait for your operation - an NHS without time to care. The Tories have damaged the NHS in these five years. Give them five more and the NHS, as we know it, just won't be there."
The Liberal Democrat leader Nick Clegg will attack both the major parties on the economy.
On Ed Balls' claim that Labour is now in the centre ground of politics, he will say: "It's like waking up to find a late night voicemail from an ex saying that they've changed and it will all be different if only you give them one more chance."
And on the Conservatives' boasts about economic recovery, Mr Clegg will say: "It's a con. It's like a mobile phone salesman offering to renew your existing contract and then cutting the amount of calls you can make."
:: Follow Sky News presenters and correspondents from 6am on Monday as we launch our multi-media project In The Margins - examining 150 key marginal constituencies across the country. Watch live on Sky News, skynews.com and our mobile apps - channels Sky 501, Virgin Media 602, Freesat 202, Freeview 132.
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