Ed Miliband has accused David Cameron of condemning the UK to a "decade of decline" by sticking to austerity plans.
In a speech this afternoon, the Labour leader insisted public anger with the coalition is growing in the wake of a no-change Budget - but he conceded that his party still has work to do to convince voters there is a real alternative.
Mr Miliband presented a list of policies that he claims would kick-start growth and make the economy fairer, including bank reform, infrastructure investment and a 10p tax rate.
He contrasted the platform he fleshed out with George Osborne's financial package this week.
"We are five years on from the financial crisis of 2008," he told a 'people's policy forum' in Birmingham, which is billed as representing political opinion from across the West Midlands.
"We are in the slowest recovery for 100 years. And it is you who are suffering. Wages are frozen. Prices are rising. Living standards falling.
"Yet the Chancellor offered no change in the Budget. He offered more of the same. Can you imagine another five years of this?
"Low growth. Living standards squeezed further. You paying the price. A lost decade Britain cannot afford. A decade of national decline."
Mr Miliband accused the Government of "shrugging their shoulders", saying ministers have "run out of ideas", and he urged voters to give him a chance to change the way the country is run.
"Over the last two and a half years since I became Labour leader, I have sought to understand why people left Labour," Mr Miliband said.
"From banking regulation to immigration to Iraq, I have been clear about what we got wrong. But as I listen to people around Britain I also know they are increasingly disappointed with this Government.
"People all over Britain have lost confidence in David Cameron's ability to turn Britain around. But let me clear with you. I know that however discredited, divided and damaging this Government is, I will not assume that their unpopularity will mean people turn to Labour.
"Indeed, many people will believe that the failure of this Government means they should give up on politics altogether."
Mr Miliband said he cannot offer "overnight answers" or that things will be easy, but he pledged to seek an economic recovery "made by the many, not just a few at the top".
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