BBC Radio 4

Over on Today - which you can listen to via the live tab above - Paul Johnson, from the Institute for Fiscal Studies, says incomes have "taken an awfully long time to recover", but the government has made a "reasonably significant effort at reducing the deficit". More on the IFS's view of wages in our story here.

Nigel Farage has done his first interview of the day on Good Morning Britain. He was pressed about his immigration policy. He said the 50,000 mentioned by Steven Wolfe wasn't about net migration it was "about the number of foreign workers" arriving in Britain. He says the British public are "bored of targets", and he wants to get immigration "back to normality", which traditionally "varied between about 20 and 50,000 a year". He sounds slightly exasperated when it's put to him that, actually, that still sounds like a target.

tweets: , externalSelling off the family silver in a panic as Election approaches Royal Mail East Coast & now Eurostar! What a Govt!

tweets:, external @Nigel_Farage waiting to go on Good Morning Britain @ukip

Image source, UKIP

tweets:, external More Welsh voters think David Cameron (34%) would make a better PM than Ed Miliband (23%), according to a BBC Wales/ICM poll published today

Norman Smith
BBC Assistant Political Editor

You might say this is just policy nerds at Westminster trawling over the details of UKIP policy, but the danger, I think, for them is that this moves from a policy muddle story to a policy shambles story. It could become an issue about UKIP's credibility and how serious a party they are, and that does have the potential to damage them. It also follows a bit of a tangle they got into over the NHS a short time ago about whether they favour a private insurance model or not.

I wonder - and we saw it to some extent with the Greens last week - if the smaller parties are beginning to sweat a bit now the focus is really on them. They are beginning to find it a bit tougher.

Despite all the talk of this election being different from any before, I wonder whether actually this might really end up being the usual big clash between the two big parties on the two big issues, the economy and the NHS.

Image source, Getty Images

We stand corrected. Having said Theresa May seemed unmoved by whatever joke David Cameron and Nick Clegg were enjoying yesterday before the Mexican president's visit, we've found evidence to the contrary. Here she is having a ball with the deputy PM.

Image source, PA

Nick Clegg is due to give a speech today on drugs. He'll say a future Lib Dem government would take control of drugs policy out of the hands of the Home Office and give it to the Department of Health. He will also pledge to end the "nonsense" of jailing people for possessing small amount of drugs for their personal use, and say young people should not be penalised in later life because of a criminal record.

tweets:, external Update:, external Cons lead at 2 - Latest YouGov / Sun results 3rd Mar - Con 36%, Lab 34%, LD 5%, UKIP 14%, GRN 6%; APP -19

Robin Brant
Political Correspondent, BBC News

Nigel Farage is expected to say his party wants a new migration control commission to get net migration down. We already know it also wants to give commonwealth citizens the same rights to come here as EU workers. And if it was in government, UKIP would have a points-based system, like in Australia, to only allow in highly skilled workers that the economy needs.

But the idea of a cap - or target - on how many can come appears to have been ditched. Having seen the Conservatives get into trouble after they spectacularly failed to deliver on a firm pledge to get net migration down to the tens of thousands, the UKIP leader says he does not want any 'arbitrary targets'. But just last week the party's spokesman on the issue, Steven Woolfe talked about an annual gross target of 50 thousand workers. It's something the party has touted as policy for months.

On to today's news. Campaign-wise, UKIP are currently top of the shop with a big speech coming up later on one of the subjects they're most associated with - immigration. Leader Nigel Farage will promise not to set "arbitrary" immigration targets and instead focus on controlling our borders with an Australian-style points-based visa system. The use of the word "arbitrary" is no doubt a dig at David Cameron who, of course, vowed to get immigration down below 100,000 at the last general election, but has been unable to do so.

Here's our digest of today's newspapers. In terms of politics, the Sun claims to have a Budget exclusive, saying George Osborne is planning to cut the price of a pint again. Elsewhere, the Times' front page carries a big picture of David Cameron and Nick Clegg in stitches at an event on Tuesday. Whatever the joke was, Theresa May, pictured behind them stony-faced, doesn't seem to get it.

Labour want to go further and make it mandatory for any allegation of abuse to be reported. They accused the government of "a missed opportunity", but others, including, former Conservative children's minister Tim Loughton, warned against Labour's idea, saying it could put victims off telling anyone about their suffering.

Tuesday was dominated by the issue of child sexual abuse as a damning report into the treatment of girls in Oxfordshire was published. David Cameron held a meeting at No 10 and announced that in future, teachers, councillors and social workers in England and Wales who fail to protect children could face up to five years in jail.

Hello and welcome to a fresh Wednesday's political coverage. Victoria King and Matthew West will bring you all the action, reaction and analysis in text and you'll be able to watch and listen to all the main BBC political programmes, from Today and Breakfast through to Newsnight and Today in Parliament. Don't forget you can get in touch by emailing politics@bbc.co.uk or via social media @bbcpolitics. Here's how Tuesday unfolded.