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Lib Dems to 'change' UK economy Lib Dems to 'change' UK economy
(20 minutes later)
The Lib Dems would create a "different kind of economy", reducing reliance on the City, leader Nick Clegg will say as parties continue election campaigning.The Lib Dems would create a "different kind of economy", reducing reliance on the City, leader Nick Clegg will say as parties continue election campaigning.
Labour will launch its business plans, saying government must create the conditions in which firms prosper.Labour will launch its business plans, saying government must create the conditions in which firms prosper.
Tory leader David Cameron will say the "free ride is over" and launch his plans to tackle welfare dependency.Tory leader David Cameron will say the "free ride is over" and launch his plans to tackle welfare dependency.
In Glasgow the Scottish National Party is launching its manifesto and says only it can protect public services.In Glasgow the Scottish National Party is launching its manifesto and says only it can protect public services.
Tuesday is also the deadline for people to register so they can vote on 6 May.Tuesday is also the deadline for people to register so they can vote on 6 May.
'Reckless and greedy''Reckless and greedy'
Mr Clegg is to use his daily news conference to say his party would "break up the banks, to protect people's everyday savings from ever being used again to fuel the casino culture of the global financial industry". Mr Clegg used his daily news conference to set out plans to split up the banks, to separate low risk deposit-taking banking from high risk investment banking, and set a new 10% levy on bank profits.
"To ensure that never again can the banks hold a gun to the head of the rest of the economy, we will impose a new banking levy of 10% on banks' profits until such time as they can be broken up, to ensure they pay for the guarantee they are receiving from the taxpayer," he will add. He also referred to allegations that investment bank Goldman Sachs defrauded investors during the sub-prime housing crisis and said they should be suspended as government advisers. The bank denies the charges.
The great tragedy is that none of that recklessness or greed has yet been stamped out of the City of London and it is costing jobs and businesses day by day Nick CleggLiberal Democrat leader Anything is possible and a growing number of people are starting to believe you can do things differently Nick Clegg class="" href="/2/hi/uk_news/politics/election_2010/scotland/8630998.stm">SNP launching election manifesto
He is also to discuss allegations that investment bank Goldman Sachs defrauded investors during the sub-prime housing crisis. The bank denies the charges. Hesaid Labour had been "asleep at the wheel" as the banking crisis developed, while the Tories were now the "party of choice for the bankers".
"The allegations about Goldman Sachs are yet another reminder of how reckless and greedy the global banking industry had become," Mr Clegg will say. Mr Clegg said some bankers had been operating with "recklessness and great greed" which had "disfigured banking" and said a "small clique" of big banks had held the whole system hostage.
"The great tragedy is that none of that recklessness or greed has yet been stamped out of the City of London and it is costing jobs and businesses day by day." Banks had been "hoarding rather than lending" money and said he believed they should be forced to lend money to viable British businesses.
'Create conditions' He continued to face questions about whether he would "prop up" Labour - who opinion polls suggest are in third place - if they won the most seats.
Mr Clegg said he could not predict the future and it was "more exciting and more unpredictable than any election I can remember".
"Anything is possible and a growing number of people are starting to believe you can do things differently."
'Hope and fear'
He said it was turning into a "contest between hope and fear" - hope among voters that they might "do something different" and fear from the "old parties that people might do something different".
On Sunday Gordon Brown demanded a "special investigation" into Goldman Sachs after reports that the bank was to pay bonuses totalling £3.5bn, with the prime minister calling the system one of "moral bankruptcy".On Sunday Gordon Brown demanded a "special investigation" into Goldman Sachs after reports that the bank was to pay bonuses totalling £3.5bn, with the prime minister calling the system one of "moral bankruptcy".
Government is needed to pull away the barriers and obstacles that hold business back Gordon Brown
He will campaign on Labour's plans for business on Tuesday and continue his attacks on Conservative economic policies. Mr Brown will say his party backs business but believes "that government must create the conditions within which firms prosper".He will campaign on Labour's plans for business on Tuesday and continue his attacks on Conservative economic policies. Mr Brown will say his party backs business but believes "that government must create the conditions within which firms prosper".
"The Conservatives believe that growth can happen by itself so long as government gets out of the way but growth doesn't happen by chance. That is the economics of yesterday, government is needed to pull away the barriers and obstacles that hold business back.""The Conservatives believe that growth can happen by itself so long as government gets out of the way but growth doesn't happen by chance. That is the economics of yesterday, government is needed to pull away the barriers and obstacles that hold business back."
Meanwhile David Cameron will be highlighting the Conservatives' plans to tackle welfare dependency and say the "free ride is over".Meanwhile David Cameron will be highlighting the Conservatives' plans to tackle welfare dependency and say the "free ride is over".
He will say, if the Tories win power, they would introduce a single "work programme" by the end of 2010, to "get Britain working again".He will say, if the Tories win power, they would introduce a single "work programme" by the end of 2010, to "get Britain working again".
Plans involve helping people find work and start up businesses and "work clubs" to help unemployed people learn skills and get support - as well as sanctions for anyone who refuses to look for work.Plans involve helping people find work and start up businesses and "work clubs" to help unemployed people learn skills and get support - as well as sanctions for anyone who refuses to look for work.
Mr Cameron will say a new "welfare contract" will make sure everyone "takes responsibility and plays their part".Mr Cameron will say a new "welfare contract" will make sure everyone "takes responsibility and plays their part".
Opinion pollsOpinion polls
Opinion polls published in two of Tuesday's newspapers suggest the Liberal Democrats continue to enjoy more support than Labour but less than the Conservatives.Opinion polls published in two of Tuesday's newspapers suggest the Liberal Democrats continue to enjoy more support than Labour but less than the Conservatives.
A YouGov poll for the Sun put the Conservatives up one at 33%, while the Lib Dems dropped two points to 31% and Labour gained one to stand at 27%. Interviews with 1,509 adults took place on Sunday and Monday.A YouGov poll for the Sun put the Conservatives up one at 33%, while the Lib Dems dropped two points to 31% and Labour gained one to stand at 27%. Interviews with 1,509 adults took place on Sunday and Monday.
And a week-on-week Opinium survey for the Daily Express suggested the Tories were down seven points to 32%, the Lib Dems had risen 12 points to 29% and Labour fell five points to 26%. For this, 1,957 adults were interviewed between Friday and Monday.And a week-on-week Opinium survey for the Daily Express suggested the Tories were down seven points to 32%, the Lib Dems had risen 12 points to 29% and Labour fell five points to 26%. For this, 1,957 adults were interviewed between Friday and Monday.
In a third poll the Tories were on 32%, up one percentage point on Monday, while the Lib Dems and Labour lost and gained one point respectively, leaving them level at 28%.In a third poll the Tories were on 32%, up one percentage point on Monday, while the Lib Dems and Labour lost and gained one point respectively, leaving them level at 28%.
The ComRes poll for ITV News and the Independent interviewed 1,003 adults on Saturday and Sunday.The ComRes poll for ITV News and the Independent interviewed 1,003 adults on Saturday and Sunday.
Row over 'peers'Row over 'peers'
Meanwhile two business leaders who backed the Tories' plans for a National Insurance cut were nominated to become peers in January, the Conservatives have confirmed.Meanwhile two business leaders who backed the Tories' plans for a National Insurance cut were nominated to become peers in January, the Conservatives have confirmed.
But the party insisted the move was not linked to the campaign against Labour's planned rise in National Insurance.But the party insisted the move was not linked to the campaign against Labour's planned rise in National Insurance.
The Guardian said the appointments of Next chief executive Simon Wolfson and JCB chairman Sir Anthony Bamford would be announced "imminently".The Guardian said the appointments of Next chief executive Simon Wolfson and JCB chairman Sir Anthony Bamford would be announced "imminently".
Tuesday is the final opportunity for people to register to include their names on the electoral roll and ensure they have the right to vote in the general election.Tuesday is the final opportunity for people to register to include their names on the electoral roll and ensure they have the right to vote in the general election.
Forms are available from local authorities and the Electoral Commission, which says an estimated 3.5m people in the UK are not currently listed.Forms are available from local authorities and the Electoral Commission, which says an estimated 3.5m people in the UK are not currently listed.
The Scottish Green Party is due to launch its manifesto later.The Scottish Green Party is due to launch its manifesto later.