Nick Clegg interview on economic plans

The transcript discusses the differences in tax plans between political parties, emphasizing transparency and fairness. It critiques the Conservative approach to public service cuts and highlights a balanced strategy of tax changes and spending reductions. The speaker addresses past tax claims and reassures that their plans do not require increases in major taxes. The focus is on a fair mix of tax increases and spending cuts, aiming to protect middle-income earners while maintaining public services.

What is the main criticism of the Conservatives' tax plan according to the speaker?

• They plan to increase taxes for the wealthy.

• They want to cut public services for ideological reasons.

• They plan to increase the national debt.

• They are not transparent about their tax plans.

What does the speaker suggest as an alternative to the political extremes of the Labour and Conservative parties?

• Increasing taxes across all income levels.

• Maintaining a balanced and fair approach.

• Following a strict conservative fiscal policy.

• Adopting a more left-wing approach.

How does the speaker propose to balance the books without increasing taxes for middle-income earners?

• Through a mix of tax changes and spending reductions.

• By increasing National Insurance.

• By borrowing more money.

• By cutting public services drastically.

What is the estimated amount needed to balance the books according to the speaker?

• £40 billion

• £30 billion

• £20 billion

• £10 billion

Which of the following is NOT part of the speaker's financial strategy?

• Further tax changes

• Tax avoidance measures

• Welfare savings

• Increasing the headline rate of corporation tax