Business leaders should not fear Labour, former cabinet minister Lord Mandelson has told Channel 4 News.
Speaking to Jon Snow, Lord Mandelson said that a lot of fear surrounding the Labour party and business has been “misplaced.”
He added: “They’re not facing a Labour party that doesn’t care about the deficit and isn’t going to exercise any fiscal responsibility. And they’re not facing a Labour party that’s going to tax them out of existence.”
He said: “I started feeling at the end of last week that something had shifted. That the plates had moved and Labour has captured a Zeitgeist in this campaign and the most striking feature of it is what’s happened to the two leaders.
“Miliband has moved forwards. He gained credibility. He’s exceeded most people’s expectations. I suppose in a sense mine as well.
Read more: the Channel 4 News Election 2015 Live Blog
“David Cameron on the other hand has moved backwards. He’s got to a position now when you wonder whether his heart’s really in this campaign anymore.
“Neither of the parties are so far headed for a clear, clean win. And the way I look at them is this, they seem to have a mirror image of each other’s problem.”