Nick Clegg
Media playback is unsupported on your device

Nick Clegg on Lib Dem tax and spending plans

Party leader Nick Clegg has set out Lib Dem plans to eliminate the deficit by 2017/18, saying those with the "broadest shoulders" must take more of the burden.

The Lib Dems say they would get rid of the deficit through raising taxes by an additional £12bn, cutting public spending by £12bn, and cutting welfare by £3bn.

Go to next video: Clegg sets out Lib Dem deficit plan