We need a budget that gives hope to Britain

The Liberal Democrat leader, Vince Cable, has set out the alternative Liberal Democrat approach to the budget and the problems with the Conservative one.

A Liberal Democrat budget would commit to the following:

• Increase capital spending, particularly on transport infrastructure and large-scale housebuilding. Borrowing to finance productive investment at very low-interest rates is financially responsible and good for the economy.
• Put a penny on each pound included for income tax to raise £6bn a year for the NHS
• Introduce a lifelong learning endowment to enable every 18 year old to fund their own training and professional development
• Reform business tax and clampdown on tax havens; including through a public register of beneficial ownership for Overseas Territories

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