Tuesday, 11 May 2010

Conservative - Liberal Democrat Deal

News is filtering through of the deal the Lib Dem and Tory negotiating teams. The main part of the deal is that Nick Clegg becomes Deputy PM, 4 other cabinet posts and another 15posts in junior government.

They have agreed for a fixed term parliament of 5years, a referendum on AV, scrutiny of trident spending, emergency budget in 50days and rise in capital gains tax.

Also the Tories are going to go ahead with cuts in the public sector this year, scrapping the rise in national insurance, marriage tax cut, capping non-EU immigration but no inheritance tax cut!