Lib Dem Manifesto p.22 “We will break up the banks, to ensure taxpayers are never again expected to underwrite high-risk banking. We will introduce a Banking Levy, so that banks pay for their tax-payer guarantee, until the break-up is complete.”
We have set up an independent commission on separating investment and retail banking, reporting by September 2011, and introduced a banking levy that will raise £2.5bn a year.
Lib Dem Manifesto p.26 “Support public investment in the roll-out of superfast broadband, targeted first at those areas which are least likely to be provided for by the market.”
The Government has published an action plan, “Britain’s Superfast Broadband Future”, announcing an £830 million strategy to put a digital hub in every community, making sure the UK has the best broadband in Europe by 2015.
Lib Dem Manifesto p.28 “Give both Royal Mail and post offices a long-term future, by separating Post Office Ltd from the Royal Mail and retaining Post Office Ltd in full public ownership.”
The Postal Services Bill is currently passing through Parliament. It allows for the restructuring of Royal Mail, including the introduction of private sector capital and expertise from the sale of part of it, an employee
share scheme, and provisions for Post Office Ltd to continue to be owned by the Crown or a mutual ownership structure.
I am hopeful that a bit further down the track – we will be able to get back or open new sub-post offices – to replace the ones that Labour closed in our local communities.
Lib Dem Manifesto p.30 “We will extend the right to request flexible working to all employees.”
We have put in place secondary legislation to extend the right to request flexible working to parents of children up to age 18 already and are consulting with business on shared parental leave and extension of
flexible working to all employees , and introduced a banking levy that will raise £2.5bn a year.