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Liberal Democrats enter election spending race with big pledges on climate

Published 15/11/2019, 13:36
Updated 15/11/2019, 13:36
© Reuters. Liberal Democrats unveil "Party's Plan for Equalities and Human Rights", in London

© Reuters. Liberal Democrats unveil "Party's Plan for Equalities and Human Rights", in London

LONDON (Reuters) - Britain's anti-Brexit Liberal Democrats will promise on Friday to spend 100 billion pounds on tackling climate change if they win a Dec. 12 election.

The Liberal Democrats trail Boris Johnson's Conservatives and the opposition Labour Party in opinion polls and are expected to fall a long way short of winning the election outright.

But they could have an important role if neither the Conservatives nor Labour win a majority and have to find a partner in order to form a government.

Deputy leader Ed Davey will say in a speech on Friday that the 100 billion pound commitment would supplement a 50 billion pound dividend which the party says would result from cancelling Brexit. The 50 billion would be invested in public services.

© Reuters. Liberal Democrats unveil "Party's Plan for Equalities and Human Rights", in London

Last week, Labour and the Conservatives both set out large increases in infrastructure spending - a sign that whoever wins the election, borrowing is likely to increase. Labour's plans were the larger at 400 billion over 10 years.

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