Rolling blog on the wedding deal
On this blog we plan to list the terms of the LibCon deal as they revealed to us. Only those concessions in bold are confirmed.Click here to view ConHome'e extensive summary of the deal
1.15pm The FT is suggesting that the Lib Dems have forced to the Conservatives to drop their commitment to real terms increases in NHS spending.
9.50am Laura Kuenssberg tweets that "Lib dems also have a promise of elected house of Lords using PR early in the Parliament"
Wednesday am: More details of the coalition deal are emerging:
- Five Lib Dems (not six) will get Cabinet jobs, including Nick Clegg as Deputy Prime Minister;
- The bill to have a referendum on AV will be subject to a three line whip, although Conservatives will be free to campaign against AV in the ensuing referendum;
- There will be five-year fixed term parliaments, starting with this one, meaning the next election is scheduled for May 2015;
- Elsewhere on political reform, the second chamber will be wholly or mainly elected and there will be a commission to review party funding;
- There will be £6 billion in cuts this financial year and a reversal of some planned rises in national insurance contributions, but Conservative plans to reduce inheritance tax have been sacrificed. The Conservative plan to introduce a tax break for marriage is in tact, although Lib Dems will abstain on this measure;
- A new pupil premium to be introduced, steering more funding to schools for every child they take from poor homes to help close class gap in school results, whilst the Conservative plans for Swedish-style free schools will be introduced;
- There will be a cap on immigration and, as reported previously, the Lib Dems' proposed amnesty on illegal immigration has been dropped;
- The Lib Dems have committed to maintaining Britain's nuclear deterrent;
- The Lib Dems have accepted that Britain will not join the euro in this parliament and have accepted the Conservative proposal for a referendum lock to ensure that any proposal to transfer new powers to the EU must by law be put to a referendum.
- A freedom bill will be introduced to repeal various of the attacks on civil liberties introduced under the Labour Government such as ID cards
8.45pm: Nick Robinson says Conservatives and Liberal Democrats have agreed fixed term parliaments with immediate effect.
7pm: PoliticsHome is reporting that the Liberal Democrats have dropped their plans for an amnesty for immigrants.
6.45pm: George Pascoe-Watson reports that the Liberal Democrats will have SIX places in the Cabinet. At the weekend the talk was of three. Team Cameron have had to give a lot away.
6.45pm: We know that Hague has offered a referendum on AV. Douglas Carswell has blogged against this concession.
6.45pm: Robert Peston reports that "The Tories will adopt the Lib Dem plan to increase the tax-free allowance on income tax to £10,000. A meaningful initial rise in the allowance would come quickly, with a clear timetable announced to get to the full £10,000." I've always really liked this policy and will now be interested to see how it will be funded.