The caricature of what George Osborne is doing on the fiscal side is absurd. If you read some of the commentary, particularly from the left, you would think he was turning the clock back to the 1930s.

I will not accept a new wave of fiscal retrenchment, of belt-tightening, without asking people at the top to make their contribution, to make an additional contribution. I don't think you can ask people on middle and low incomes, who, after all, are the vast majority of the British population, to bear the brunt of this adjustment.

The caricature of what George Osborne is doing on the fiscal side is absurd. If you read some of the commentary, particularly from the left, you would think he was turning the clock back to the 1930s.

I don't even pretend we can occupy the Lib Dem holier-than-thou, hands-entirely-clean-and-entirely-empty-type stance. No, we are getting our hands dirty, and inevitably and totally understandably we are being accused of being just like any other politicians.

I think it is a simple statement of principle that in a democracy you should make your MPs work harder for your vote and try and get at least majority support in their local area, and that in a nutshell is what AV does.

You have a political and media elite who have an idiom by which they describe politics. It's highly, highly polarised. It's right, left, red, blue, up, down, victorious, crushed.

I totally rule out any arrangements with the SNP — in the same way I rule out any arrangements with Ukip - because there is no meeting point for me with one party that basically wants to pull our country to bits and another party that wants us to pull out of the EU. I would never recommend to the Liberal Democrats that we help establish a government which is basically on a life support system, where Alex Salmond could pull the plug any time he wants.