Liberal Democrats have worked hard to rebuild the economy, with the deficit halved since 2010. We will complete the job of balancing the budget, fully and fairly. With public finances under control we can increase public spending in line with economic growth, improving key public services.
A ‘Mansion Tax’ on homes worth over £2 million will allow us to protect NHS spending, extend protection of school budgets to early years and 16-19 education, and honour commitments on international aid.
Public spending will be focussed on those who most need help, with tax rises to ensure the wealthiest pay their full share.
The Liberal Democrats will borrow less than Labour and cut less than the Tories.