The Coalition becomes clearer

Reading through the BBC News Website we have a lot more of an idea of the form the coalition will take.

Nick Clegg will become the Deputy Prime Minister, Vince Cable will work in the Treasury in charge of Banks and Business and Danny Alexander will take over as Scottish Minister.

From the Conservatives side Osbourne will be Chancellor, Hague Foreign Secretary and Fox as defence secretary.

The Agreed policy decisions are:

There will be Cuts this year to reduce the Deficit including £6bn of cuts this year, although out of a predicted 1.5 Trillion that we will be in the red this is unlikely to be enough.

Fixed five year parliaments so no more elections until May 2015 (So no more threat of another poll this year, would be very interesting if the coalition collapses.)

The Lib Dems drop the Mansion Tax in return for the Tories not changing the Inheritance Threshold - Personally I would be happy for both these taxes to have stayed but in reformed form.

They have agreed to scrap part of the "Job Tax" but will look to raise the income tax threshold. - This is good news for the economy but we will need to wait and see how affordable the income tax changes will be when the drains are up on the country's current account.

The lib Dem's will delay adoption of the Euro for at least one parliament, and agree to the Tory idea of a referendum on any future EU power grabs - Hopefully we will at some point be able to call ourselves a sovereign nation again at some point.

A cap on Non-EU immigration, another policy which without a proper understanding of how it will work it is hard to understand if it will be any good. But at least it is being considered.

Lib Dems will drop opposition to the Trident deterrent, this is unfortunate as this is pretty much the only Lib Dem pledge I agreed with.

A referendum on the Alternative Vote system, which is at least preferable to Proportional Representation. We will have to see how the public decide but I have a feeling it will get through.

I am sure a lot more will come out in the forth coming days and the budget which I am sure we will see soon enough.