This one is going to make life for the various people I know in the financial industry...interesting:
The parties wish to reduce systemic risk in the banking system and will establish an independent commission to investigate the complex issue of separating retail and investment banking in a sustainable way; while recognising that this would take time to get right, the commission will be given an initial time frame of one year to report.
And here's the bit I care most about:
The parties will bring forward a Referendum Bill on electoral reform, which includes provision for the introduction of the Alternative Vote in the event of a positive result in the referendum, as well as for the creation of fewer and more equal sized constituencies. Both parties will whip their Parliamentary Parties in both Houses to support a simple majority referendum on the Alternative Vote, without prejudice to the positions parties will take during such a referendum.
We agree to establish a committee to bring forward proposals for a wholly or mainly elected upper chamber on the basis of proportional representation. The committee will come forward with a draft motions by December 2010. It is likely that this bill will advocate single long terms of office. It is also likely there will be a grandfathering system for current Peers. In the interim, Lords appointments will be made with the objective of creating a second chamber reflective of the share of the vote secured by the political parties in the last general election.
To be honest - the system I'd most like to see for the Lords is "Whenever someone leaves the Lords the party with the biggest negative differential between the last vote and the current makeup of the Lords gets to nominate their successor."
and some stuff on civil liberties:
* A Freedom or Great Repeal Bill.
* The scrapping of ID card scheme, the National Identity register, the next generation of biometric passports and the Contact Point Database.
* Outlawing the finger-printing of children at school without parental permission.
* The extension of the scope of the Freedom of Information Act to provide greater transparency.
* Adopting the protections of the Scottish model for the DNA database.
* The protection of historic freedoms through the defence of trial by jury.
* The restoration of rights to non-violent protest.
* The review of libel laws to protect freedom of speech.
* Safeguards against the misuse of anti-terrorism legislation.
* Further regulation of CCTV.
* Ending of storage of internet and email records without good reason.
* A new mechanism to prevent the proliferation of unnecessary new criminal offences.