Nick Clegg urges resolve in cutting debt
Deputy Prime Minister Nick Clegg has said there must be 鈥渘o blinking鈥� on the government鈥檚 programme of deficit reduction.
聽at the CBI dinner, Mr Clegg insisted the shared agenda of cutting debt is the 鈥済lue which binds this coalition together鈥�.
The Deputy PM called for a move away from the short-termist debt-driven economy of recent decades and towards a 鈥渓ess spectacular鈥� but 鈥渕ore prosperous and more profitable鈥� future.
He said:
We can lay the foundations for an economy where people invest rather than simply consume, where stability is as valuable as risk, where people borrow responsibly; and their governments do too.
It may be less spectacular; sturdy and steady instead. We won鈥檛 get there overnight - this is a generation鈥檚 work. But it is a better, more prosperous and more sustainable future.
Speeches and transcripts: