So the positions of the three main parties on how to tackle the deficit are (roughly) as follows: Conservatives: Tax increases: 20%. Cuts 80%. Labour: Tax increases: 33%. Cuts: 67% Liberal Democrats: Tax increases: 0%. Cuts: 100% Also important in this area are the parties positions on Europe, with the Tories most Euro-sceptic, the Lib Dems most Euro-phile and with Labour somewhere in the middle but tending more towards the Lib Dem position. What is interesting about the Lib Dems' proposal to tackle the structural deficit is how it highlights the shift to the right in party thinking. For a long time the social democrat wing of the party was in the driving seat (as personified by Charles Kennedy). Now with Clegg and the 'Orange Book' faction in the ascendancy, it seems like market, classical liberalism is back with more force than most people would have thought possible.