Political

Conference news snippets: economy, mansion tax, Dilnot reforms, business bank and Green Deal

In the key economy debate this morning, Liberal Democrat conference has backed the party’s approach to tackling the deficit:

Earlier in the day, Nick Clegg was repeating his calls for a mansion tax in some form:

Our focus does remain on very high value property for the simple reason that I think most people in this country just don’t understand why people who have very high value properties just don’t pay their fair share, in the way that everybody does. [The Guardian]

Danny Alexander has been calling for speedier action to implement social care reforms:

Danny Alexander will warn his Conservative colleagues on Monday not to delay plans to reform social care for the elderly and state pensions, amid Treasury fears that the changes would cost too much.

The Treasury chief secretary plans to use a question-and-answer session at the Liberal Democrat conference in Brighton to insist that the government goes ahead with both the Dilnot reforms and a single-tier state pension, according to officials. [Financial Times]

Meanwhile, Vince Cable is winning out in the arguments with the Treasury over creating a new business bank:

Vince Cable reveals £1bn backing for business bank to help small firms…
In what Liberal Democrats are hailing as one of the major announcements of their conference, the business secretary will say that the new bank could leverage up to £10bn to help businesses struggling to find funds from high-street banks…

The Lib Dems say they have had to fight hard to persuade the chancellor to sign up to the bank, which will be funded from “underspends” by Whitehall departments. These are the funds that remain unspent by departments, which are then clawed back by the Treasury. [The Guardian]

And here is Ed Davey and colleagues explaining the Green Deal:

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