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Significantly accelerated reduction in the structural deficit

A significantly accelerated reduction in the structural deficit over the course of a Parliament, with the main burden of deficit reduction borne by reduced spending rather than increased taxes.

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Conservative - Liberal Democrat Coalition Agreement
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Deficit Reduction
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Significantly accelerated reduction in the structural deficit
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£6 billion cuts to non-front line services within 2010-11
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An emergency budget within 50 days
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Arrangements that will protect those on low incomes
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Protection of jobs by stopping Labour’s proposed jobs tax
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Reductions to the Child Trust Fund and tax credits for higher earners
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