The Lib Dems agreed to an emergency budget within 50 days and to Tory a budget reduction plan including £6bn in cuts to non-frontline services in 2010/11. The two sides also agreed a commitment to a replacement for the Trident nuclear missile system but the programme will be scrutinised for value for money.
The Lib Dems have agreed to drop plans for a "mansion tax", while the Conservatives have ditched their pledge to raise the inheritance tax threshold to £1m. The new administration will scrap Labour's planned rise in National Insurance but some of the benefits will go to reducing income tax thresholds for lower earners.
The Lib Dems have agreed to a cap on immigration and a commitment not to join the euro for the lifetime of the parliament.
http://news.bbc.co.uk/2/shared/election2010/liveevent/