From Nick Clegg's piece in the Times, (Jan 05): "In the event of a hung Parliament, the British people also deserve to know how the Liberal Democrats will respond. We have two basic principles that I will uphold.
One, we will respect the will of the public. The voters are in charge and the decision is theirs. If voters decide that no party deserves an overall majority, then self-evidently the party with the strongest mandate will have a moral right to be the first to seek to govern on its own or, if it chooses, to seek alliances with other parties.
Two, regardless of the post-election arithmetic or whatever power we are granted, there are four objectives that we will unwaveringly pursue.
First: fair taxes. Our plan would mean that the first £10,000 you earn would be free of income tax. This would be paid for by taxing income and capital at the same rate, phasing out special pension subsidies for highest-rate earners, switching tax from income to pollution and introducing a mansion tax on the value of homes above £2 million.
Second: a fair start for all our children. We will cut class sizes and provide more one-to-one tuition to children by introducing a new "pupil premium" in our schools.
Third: a fair and sustainable economy that creates jobs. We will use the money from one year's cuts in current spending to create tens of thousands of new jobs in public transport, a national programme of home insulation and new social housing. We will be honest about where savings must be made to balance the books and we will break up the banking system.
And finally, fair, clean and local politics. We will introduce a fair voting system, ensure that MPs can be sacked by their constituents if they break the rules, return powers to local communities and stop tax avoiders from standing for Parliament, sitting in the House of Lords or donating to political parties.
While the other parties set out increasingly implausible lists of promises, the Liberal Democrats will remain focused on this short list of big, structural changes that will make Britain fairer. Neither of the other parties seems willing or capable of delivering them. So the Liberal Democrat message to the voters is clear: if you like what we offer, vote for it. The decision is in your hands.
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