An emergency budget within 50 days

The parties agree that a plan for deficit reduction should be set out in an emergency budget within 50 days of the signing of any agreement; the parties note that the credibility of a plan on deficit reduction depends on its long-term deliverability, not just the depth of immediate cuts.


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