Labour will be the largest party in a hung parliament after May's General Election, according to a Sky News projection based on the latest poll of polls.
According to Sky's figures, which look at the national figures and those just for Scotland, Labour will fall short of an overall majority by 40 seats.
The Green Party, UKIP and the Scottish National Party are all vying to lure voters away from the traditional two-party system and if the numbers are correct, the SNP could hold the key to any coalition.
It comes with just 100 days until the General Election, as Britain's two largest parties - Labour and the Conservatives - launch new policies in a bid to lure voters.
In an interview with Sky News, David Cameron said he was worried about the future of the country, warning that if Labour was to get the keys to Number 10 in May it would "wreck" the economy.
He insisted the Tories could win an outright majority but said the next 100 days would be a "tough fight".
And he insisted his tax cut promises could be funded by the Conservatives' continued careful management of the economy.
He said: "I am worried about the future of our country if we end up with an unstable, left-wing government that starts to borrow and spend and wreck the economic progress that we have made. Of course I worry about that.
"But, we have 100 days to go to make this argument and I think people can now see, increasingly, our country getting stronger day by day.
"We have not finished the job, there are still many challenges left for us to meet but we are on the right track and when you are on the right track that's exactly the wrong time to turn backwards."
Mr Cameron has promised a renewed squeeze on benefits "within the first few days" of Government if the Tories are re-elected on 7 May.
The Prime Minister plans to reduce the annual cap on welfare payments from £26,000 to £23,000 - with the £135m saved going towards funding for three million apprenticeships by the end of the decade.
The Tories plan a £30bn adjustment in the first two years of government - £5bn from tax evasion, £13bn from cuts across Whitehall departments and £12bn off the welfare bill.
Mr Cameron said this would help to bankroll the tax cuts promised, including increasing the amount at which people start to pay income tax to £12,500 - lifting a million people out of tax.
He added that he was happy for the televised leaders' debates to go ahead but was keen Northern Ireland parties should be included and the showdowns should not "take the life out of" the election campaign.
:: Sky looks at the 150 seats that could play a deciding role in May's General Election. Click here for the link to the In The Margins console.
Meanwhile, Labour is outlining its 10-year plan for the National Health Service, which includes a pledge to improve the care that terminally ill, frail and elderly people receive at home.
The announcement of 5,000 new "homecare workers" is part of a wider policy to invest an extra £2.5bn in the NHS, with a view to recruiting 20,000 more nurses and 8,000 additional GPs.
In a speech later this morning Ed Miliband will say: He will claim: "One of the country's most precious institutions faces its most perilous moments in a generation. The future of our NHS is at stake in this general election."
Speaking on Sky News, shadow health secretary Andy Burnham said Labour was not thinking about cutting deals with the SNP to form a coalition in the event the party did not secure a majority.
"My focus is on winning a majority for Labour," he said.
He added that he was not putting his energy into "deal-making" but into making sure the coalition cuts and privatisation in the NHS did not continue.
"The NHS matters more to me than anything and I think it's in a very dangerous position today," he added.
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