Chris Fox, the Lib Dem Chief Exec, has circulated this helpful summary of which of our policies are included in the agreement. It’s slightly easier to wade through than the full text, which we brought you earlier.

A Fair Start for Children

• Introduce a Pupil Premium to give all children a fair start.

Fairer taxes and Economic Reform

• A substantial increase in the personal allowance from April 2011 with a longer term policy objective of further increasing the personal allowance to £10,000, making further real terms steps each year towards this objective
• Reform of the banking system, ensuring a flow of lending to businesses and a Banking Levy. An independent commission on separating retail and investment banking.
• Capital Gains Tax reform

Fair Politics

• Fixed-term parliaments and a referendum on electoral reform for the House of Commons.
• A power of recall, allowing voters to force a by-election where an MP was found to have engaged in serious wrongdoing.
• A wholly or mainly elected House of Lords on the basis of proportional representation.
• Giving Parliament control of its own agenda so that all bills are properly debated.
• Enacting the Calman Commission proposals and a referendum on further Welsh devolution.
• A statutory register of lobbyists.
• A limit on political donations and reform of party funding in order to remove big money from politics.
• Radical devolution of power and greater financial autonomy to local government and community groups.

A fair and sustainable future

• Establish a smart electricity grid and the roll-out of smart meters.
• Establish feed-in tariff systems in electricity
• A huge increase in energy from waste through anaerobic digestion.
• The creation of a green investment bank.
• The provision of home energy improvement paid for by the savings from lower energy bills.
• Retention of energy performance certificates when HIPs are scrapped.
• Measures to encourage marine energy.
• The establishment of an emissions performance standard that will prevent coal-fired power stations being built unless they are equipped with sufficient CCS to meet the emissions performance standard.
• Establish a high-speed rail network.
• Cancel the third runway at Heathrow and refuse additional runways at Gatwick and Stansted.
• Replace the Air Passenger Duty with a ‘per plane’ duty.
• The provision of a floor price for carbon, as well as efforts to persuade the EU to move towards full auctioning of ETS permits.
• Make the import or possession of illegal timber a criminal offence.
• Promote green spaces and wildlife corridors in order to halt the loss of habitats and restore biodiversity.
• Reduce central government carbon emissions by 10 per cent within 12 months.
• Increase the target for energy from renewable sources.

Pensions

• Restoration of the earnings link for the basic state pension from April 2011 with a “triple guarantee” that pensions are raised by the higher of earnings, prices or 2.5%.
• Phase out the default retirement age and end the rules requiring compulsory annuitisation at 75.
• Implement the Parliamentary and Health Ombudsman’s recommendation to make fair and transparent payments to Equitable Life policyholders.

Civil Liberties

• Scrap the ID card scheme, the National Identity register, the next generation of biometric passports and the ContactPoint Database.
• Outlaw the finger-printing of children at school without parental permission.
• Extend the scope of the Freedom of Information Act to provide greater transparency.
• Adopt the Scottish approach to stopping retention of innocent people’s DNA on the DNA database.
• Defend trial by jury.
• Restore rights to non-violent protest.
• A 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.
• End the detention of children for immigration purposes.

News trickling in that the Conservatives have offered the Liberal Democrats a coalition. The Lib Dem parliamentary party and Federal Executives, without whom a coalition cannot be ratified, are currently meeting to consider it.

There’s even talk of an emergency Special Conference this weekend which will mean conference representatives across the country pricking their ears up.

But the rolling news media are considering it a done deal already.

Amongst the headlines are that Nick Clegg will serve as Deputy Prime Minister, Danny Alexander as Secretary of State for Scotland, along with three other Lib Dems in the cabinet and a further 20 in government. Vince Cable will take responsibility for banks and business.

Some of the policy compromises announced include the long heralded Conservative agreement for a referendum on AV, which falls long short of PR, but is welcome change – assuming Liberal Democrats are ultimately successful in persuading the public.

The Conservatives give on inheritance tax and marriage tax breaks as well as changes to capital gains tax to finance the Liberal Democrat proposals of a significant raise in the personal allowance, one of the flagship Lib Dem policies.

But the full detail of the agreement is not yet public and we are none the wiser than the rolling media reporters. How will Lib Dem MPs be expected to vote for a joint policy programme? What will happen to the Lib Dem party policy making system at conference, the last remaining democratic political party? Just what will this mean for Lib Dem local parties? How will we stave off the criticism from voters and what awaits us at the next major round of council elections?

Only time will tell.

And all I can ask for is please resist forming a judgment too quickly. Judge the coalition agreement on the fuller details when they are made available.

And judge the Liberal Democrats on the policy concessions and the tangible outcomes they get out of a spell in government.

Just a very quick note to ask local party officers to make sure they are planning some urgent communication with members.

One of the tangible benefits of Cleggmania was a surge in membership and support across the country, so many local parties now have significantly more members than they did before the election. For many of these people, this will be the first members’ newsletter they receive, so do please design your communication with this in mind.

For those of you who are preparing a newsletter, Lib Dem Voice has a regular newsletter insert. The General Election special is a cut-out-and-keep edition with a full list of Lib Dem MPs which should stop you having to type it out all over again yourself.

You can download a PDF of the insert right here.