Update from Liberal Democrats in Government
October 27, 2010 9:27 PM
The spending review has inevitably been a tough process. Labour's deficit had to be tackled. We couldn't keep spending more than £100 million a day just servicing our debt - enough to build a primary school every single hour, or triple the number of doctors working in our hospitals.
Liberal Democrat ministers have been involved in the spending review every step of the way. Our values and priorities are written through the review. We have had to make some very difficult choices. But the review is one that promotes fairness, underpins growth, reduces carbon emissions and localises power."
"The Coalition Government is investing £7 bn in a 'fairness premium' to help disadvantaged children; putting more than £1 billion into a regional growth fund; launching a Green Investment Bank with at least £2 billion for low-carbon technology and new jobs; and giving local government real financial freedoms. This Government will be spending more than £700bn on public services - the same as in 2006."
We promised no tax on your first £10,000. We've already raised your personal allowance by £1000.
We promised more investment in children who need the most help at school. That will happen at the start of the next school year.
We promised clean politics. We're giving you the chance to change to a fairer voting system and we're going to establish an elected House of Lords.
We promised a re-balanced, green economy, a new kind of growth. There will be a green investment bank to channel money into renewable energy.
What would you like to do next?
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