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UK: Lib-Dems manifesto tough on spending

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UK: Lib-Dems manifesto tough on spending


The man who might prove pivotal in the UK after the next election has called for Britain’s banking giants to be split up, to shield ordinary customers from their more risky operations. The Liberal Democrats’ leader Nick Clegg also said he would keep a tight hold on public spending.

Speaking in London, he said: “We are putting our cards on the table now. The heart of our manifesto will be short, direct and to the point. We have stripped away everything that is not essential because the country cannot afford it. We have isolated only two areas where we will make immediate, significant additional spending pledges: in education and in infrastructure.”

The latest opinion poll puts support for the opposition tories at 42 per cent, ahead of the governing labour party on 30. But if there is a hung parliament, the Lib Dems’ 16 per cent could prove crucial in holding the balance of power.

As the election campaign gathers momentum, the Conservative leader David Cameron has already said he will cut public spending faster and further than Labour if he becomes premier in the vote which must be held by early June.

The Prime Minister is still confident he can deliver an historic fourth successive term in office despite lagging in the polls, and the worst recession for 50 years.

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