Ed Miliband is to set out a 10-year plan to reverse the damage he says has been done by the Conservatives.
In his final party conference speech before the general election, the Labour leader will unveil a vision for building a "world-class" Britain.
The BBC understands he will also announce a spending boost for the NHS in England to be paid for by a tax on homes worth more than £2m.
The Conservatives said Labour's years in power left Britain "on its knees".
The BBC's political editor Nick Robinson said Mr Miliband wanted to reassure people that Labour had "grander goals" than just a warning of more austerity but the reality was that "money would be tight" whoever is in government after the next election.
In his speech, due to begin at 14.30 BST, Mr Miliband will argue that Prime Minister David Cameron - who says he has a "long-term economic plan" for the country - has no answer to falling living standards, a faltering NHS and young people struggling to get on the property ladder.
Aides say he will tackle the public's anger and disillusionment with politics head-on as he seeks to kick-start a "national mission".
He will say: "'Can anyone build a better future for the working people of Britain?' That is the general election question.
"So many people have lost faith in the future. I've met young people who should have the brightest of futures who tell me their generation is falling into a black hole. People in England who think all politics is rubbish.
"People in Scotland who wanted to leave our country because they felt they had nothing left to lose.
"Our task is to restore people's faith in the future. But the way to do it is not to break up our country. It is to break with the old way of doing things, break with the past."
National goalsHe will set out six national goals "not just for one year or one term of office, but a plan for the next 10 years: Britain 2025".
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Labour deputy leader Harriet Harman: "There is no quick fix to the problems there are"
Among the six goals are plans to boost the take-up of apprenticeships until they match the numbers going to university.
The Labour leader will also pledge to halve number of low-paid workers and to create a million new "green" technology jobs.
In another measure aimed at younger voters, he will vow to double the number of people getting on the property ladder by pledging to be build 200,000 new homes a year by 2020.
He will also pledge to "transform" the way the NHS works, with improved GP access and better preventative care.
Analysis by health correspondent Nick Triggle
It should come as no surprise that Labour looks like it is planning to make NHS spending a key part of the election battleground.
In the lead up to the 2010 election, the Conservatives made big play of its plans for health.
Posters of David Cameron promising to "cut the deficit, not the NHS" were put up across the country. The commitment was not matched by Labour and they found themselves on the back foot.
In government, the Conservatives kept to their promise - but only just.
During this parliament, the budget has increased by about 0.1% a year in England in real terms - and there is some debate about whether that rise actually ever reached the frontline.
But that is a long way short of the rises the health service has traditionally got. Since it was created in 1948, the average increase has been more than 4% a year. Expect pledges on NHS spending from any of the parties to be meticulously poured over.
Shadow chancellor Ed Balls said in his speech to conference on Monday that Labour would not borrow money to fund spending commitments.
Mr Miliband is expected to outline money-saving measures to show he can build a "world-class country" with no extra money.
Labour's plan will ensure the recovery works for working people not just a few at the top, he will tell delegates.
He will say: "For Labour, this election is about you. You have made the sacrifices. You have taken home lower wages year after year. You have paid higher taxes. You have seen your energy bills rise. You have seen your NHS decline. You know this country doesn't work for you.
"We can build that better future for you and your family, wherever you live in the United Kingdom, and this speech is about Labour's plan to do it: Labour's plan for Britain's future."
The BBC's assistant political editor Norman Smith said some Labour activists wanted their leader to go "all guns blazing" and show more passion than in previous conference speeches - citing Gordon Brown's emotional defence of the UK during the Scottish referendum campaign.
'Speculation'Shadow business secretary Chuka Umunna declined to comment on reports in the Guardian and the Times that Labour was planning a one-off tax on the profits of tobacco companies, saying he was "not aware" of any plans for a windfall tax of any sort.
He rejected claims that talk of 10-year goals was too vague, saying the lesson of the Scottish referendum was that politicians had to inspire people and to help them "own the future".
He also said Labour would issue a pledge card listing "clear commitments" ahead of the next election - a tactic it used in the run-up to its 1997 landslide victory.
Commenting after some details of Mr Miliband's speech emerged, Conservative Party chairman Grant Shapps said: "Ed Miliband forgets that he was at the heart of a Labour government which had three terms, 13 years - and left Britain on its knees at the end of it."
"A vote for Labour is a vote to put the recovery at risk, jobs at risk and the long-term future of our country at risk," he added.
You can send us your experiences and comments by emailing haveyoursay@bbc.co.uk.
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