The full details of the coalition deal struck between the Conservatives and the Liberal Democrats of Britain were published on Thursday.
Prime Minister David Cameron admitted during a news conference that it had not been an "effortless fusion"of the two parties' policies, but the coalition had "the potential to be a great reforming government".
Deputy Prime Minister Nick Clegg said the deal prioritized freedom, fairness and responsibility, emphasizing that the two parties had compromised but this had "strengthened not weakened the final result".
In a joint forward, Cameron and Clegg described it as a "historic document".
"We share a conviction that the days of big government are over, that centralization and top-down control have proved a failure," they said. The document includes the agreements on policy areas such as banking, civil liberties, defense, the environment, Europe, immigration, welfare and political reform.
Details of their welfare and schools policies have already been made public, including incapacity benefit will be reassessed to see if they are capable of getting a job and the coalition government will give parents the power to open their own schools.