Labour has promised an “irreversible shift” of power and investment to working people outside the south-east of England, if they win the election.
John McDonnell will pledge £150bn for schools, hospitals and housing on top of existing spending plans to be paid for through borrowing.
The shadow chancellor says he will move Treasury staff out of London to ensure the regions get a fair share of it.
Chancellor Sajid Javid said Labour’s plans were “fantasy economics”.
In his first major speech of the election campaign, Mr McDonnell will promise “investment on a scale never seen before in this country and certainly never seen before in the north and outside of London and the south east”.
Speaking in Liverpool, the city of his birth, Mr McDonnell will promise to set up