Miliband: Every Labour manifesto promise is fully funded

Labour has launched its election manifesto with a promise to be responsible with the country's finances.

He ruled out a "shopping list of proposals", guaranteeing all policies would require no extra borrowing.

The Chancellor George Osborne said Ed Miliband had failed to set out a credible economic plan and that no one would be fooled by it.

The Liberal Democrat leader, Nick Clegg, said Labour had an addiction to borrowing