Monday, December 19, 2011

Nick Clegg takes aim at inequality, bank bonuses and the House of Lords

leader Liberal Democrat reported that a wealth tax will be a priority in a speech to the Demos open society "

Nick Clegg said it will be a wealth tax of a Liberal Democrat priority between now and the next election, saying it will be a way to attack the glass ceiling that allow children of the privileged elite are protected.

In a speech to Demos on the "open society", he said he wanted to "lower taxes on work and effort" and "a major contribution of the rich."

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said it was a mansion tax, restrictions on tax breaks for retirement or a share of capital gains tax. They added that the government may require new sources of revenue if you want to keep their promise of priority to the elimination of pay lower tax.

"Wealth inequality is far greater than income inequality, and expansion," said Clegg. "The bottom third of households have only 3% of the wealth of the nation. The cellar upper third of three quarters. This inequality of wealth waterfalls and through the generations, which could widen the gap of opportunity. "

said that greater intergenerational social mobility is the primary social policy objective of the coalition. He stressed his commitment to take on the remuneration of shareholders to give more power. He promised an answer to a question about executive pay next month, but one of the objectives will be to increase the influence of investors.

Propsal also stressed allow freedom of information to be extended to non-state institutions exercising a public function. The Department of Justice has published a list of 200 institutions that might be under the Freedom of Information Act.

Clegg defends freedom of information, saying he deeply regretted the way Tony Blair, who led the bill had already been critical.

The briefing before the speech focused on reform of the House of Lords and the opposition of several years of tax breaks Clegg marriage, but said the support of the importance of the intervention is less than individual policies and proposals to establish a definition of modern liberal democracy, as the defender of an open society.

Clegg said Lords reform will be central to the legislative agenda of the next government.

ministers will announce Tuesday a report of the Joint Committee to consider a bill on Government Reform of the House of Lords will be published in March in time for the parliamentary session of 2011.

ministers to sort through a number of questions, if all partners must be chosen, or 80%, if the bishops should keep a copy and, finally, the system of choice for the Lords.

"Instead of staying open to the world of the future, companies can begin to withdraw and lose confidence in progress.

"The danger in the UK is that the forces of reaction and removal of overburden our instincts of openness and optimism that succumb to fear -. The greatest enemy of the opening. - In dark economic times "

said that the opening of Great Britain has been hampered by the closed institutions and vested interests grabbing an irresponsible power, wealth and influence. Its objectives were "captains of the media, lobbyists corrupting our political reliable, irresponsible bankers that leads to a walk and then help themselves to massive bonuses, meeting closed against the interests of shareholders and workers. "



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