Details of the Conservative-Lib Dem coalition deal

Full coalition with David Cameron as prime minister; Nick Clegg as deputy PM and four other Liberal Democrat cabinet ministers – 20 government posts in total. Last night Danny Alexander was confirmed as Scottish secretary. Others rumoured to include Vince Cable in a business and banking job, David Laws in education and Chris Huhne as justice secretary. Liberal Democrat wins: • Referendum to bring in an alternative vote system. Coalition members will be subject to three-line whip to force legislation for referendum through, but will be free to campaign against reforms before referendum. • New five-year fixed term parliaments, an entirely or mainly elected second chamber and a commission to review party funding. According to this plan, the next general election will be held on the first Thursday of May 2015. • Reduce tax burden on low earners. A substantial increase to personal tax allowance from April 2011 with a "long- term goal" of a £10,000 personal tax allowance. Tory plans to reduce inheritance tax that would have benefited the richest people most have been scrapped. • New pupil premium to be introduced, steering more funding to schools for every child they take from poor homes to help close class gap in school results. Tory wins: • £6bn cuts this financial year and a reversal of some planned rises in national insurance contributions. • A cap on immigration with Lib Dem plans for an amnesty on illegal immigration dumped. • School reforms to introduce more Swedish-style "free" schools. • A commitment to maintaining Britain's nuclear deterrent . • No proposals to join the euro and a referendum lock will ensure that any proposal to transfer new powers must by law be put to a referendum. • The Conservatives have kept their plan for a £150 marriage tax break. Lib Dems will abstain but not oppose this.