"Our aim as a Labour government is to achieve what past Labour governments have aspired to", he will say. An irreversible shift in the balance of power and wealth in favour of working people'.
He said: 'To achieve that objective it also requires therefore an irreversible shift in the centre of gravity in political decision making as well as investment in this country from its location exclusively in London to be relocated to the North and regions and nations of our country'.
The Shadow Chancellor John McDonnell will outline plans to shift the centre of political decision making from London to the North, in a speech in his home city of Liverpool today.
Mr McDonnell said he would alter fiscal rules so investment cash could be excluded from targets for limiting state borrowing.
Mr McDonnell added: 'It will mandate us to deliver an improvement in the overall balance sheet by the end of the Parliament.
He vowed that the party would not let borrowing costs soar, promising a cap "in normal times" on debt servicing costs of 10% of Britain's tax take.
'On this at least there's nothing radical, just common sense'.
McDonnell also set out new spending plans in the speech, saying Labour would plough an extra £150bn into "repairing our social fabric" after years of government cutbacks.
The money will be spent over the first five years of a Labour government, being used to expand schools, hospitals, care homes and council houses.
There would also be a National Transformation Fund unit of the Treasury under Labour, he said, adding that it would be based in the North.
Javid has a picture of free-market icon and former prime minister Margaret Thatcher on his office wall. It's coming merit dwelling to the North'.
British finance minister Sajid Javid will try to convince voters on Thursday that only the governing Conservative Party can be trusted with the future of the economy, painting the opposition Labour Party as fiscally irresponsible.
He said that due to historic low borrowing rates now was a "responsible time" to invest, but that if costs rise significantly "we would reassess how much we would be willing to borrow for capital projects".
If debt ardour begins to upward push seriously, the borrowing limit will be reviewed, he added.