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3 February 2011
Last updated at 23:43 ET
Deputy Prime Minister Nick Clegg is expected to defend the government against accusations that it does not have a plan for boosting the economy.
In a speech, Mr Clegg will set out how the coalition plans to create a new economic model for the country.
Meanwhile, Labour leader Ed Miliband will warn that young people may get fewer opportunities than their parents.
Mr Clegg will deliver his message in Yorkshire on Friday, while Mr Miliband will make a speech in Gateshead.
BBC political correspondent Adam Fleming says there are two very different messages from the coalition and the opposition.
British 'dream' Mr Clegg will claim the coalition is trying to secure a prosperous future by creating an entirely new model for the economy, based on enterprise and investment.
Cutting the deficit is a means not an end, he will say.
Mr Clegg will also defend the government against accusations that it does not have a strategy for growth by saying that churning out initiative after initiative would look "desperate".
Visiting north-east England where the shadow cabinet will be meeting, Mr Miliband is expected to say the UK has its own version of the "American dream" - that each generation will enjoy more opportunities than the previous one.
He will draw on private polling by Labour that suggests a majority of people think that dream is under threat - and that the young will not enjoy better education or jobs than their parents.
"For the first time in generations there is now a real and legitimate fear that the British promise will be broken and the next generation will have fewer opportunities and find it harder to get on than the last," Mr Miliband is set to say.
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In a speech, Mr Clegg will set out how the coalition plans to create a new economic model for the country.
Meanwhile, Labour leader Ed Miliband will warn that young people may get fewer opportunities than their parents.
Mr Clegg will deliver his message in Yorkshire on Friday, while Mr Miliband will make a speech in Gateshead.
BBC political correspondent Adam Fleming says there are two very different messages from the coalition and the opposition.
British 'dream' Mr Clegg will claim the coalition is trying to secure a prosperous future by creating an entirely new model for the economy, based on enterprise and investment.
Cutting the deficit is a means not an end, he will say.
Mr Clegg will also defend the government against accusations that it does not have a strategy for growth by saying that churning out initiative after initiative would look "desperate".
Visiting north-east England where the shadow cabinet will be meeting, Mr Miliband is expected to say the UK has its own version of the "American dream" - that each generation will enjoy more opportunities than the previous one.
He will draw on private polling by Labour that suggests a majority of people think that dream is under threat - and that the young will not enjoy better education or jobs than their parents.
"For the first time in generations there is now a real and legitimate fear that the British promise will be broken and the next generation will have fewer opportunities and find it harder to get on than the last," Mr Miliband is set to say.
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