Clegg: Tough Budget needed to avoid Greek-style crisis

Deputy Prime Minister Nick Clegg believes the coalition needs to deliver a "difficult" budget today to ensure the UK can avoid the scenarios seen in Greece and Spain.

The Liberal Democrat leader says Labour has left the UK with a mountain of debt, with interest equating to over £800m a week. Clegg says if the coalition does not take action now, the markets will force the Government into even more drastic measures. "The Labour party will say that these decisions are not justified. They will say the budget creates risks for our economy and that Liberal Democrats have sold out to go along with Conservative cuts. They are wrong," Clegg says. "Every time you hear Labour say that, ask them why they covered up the details of the £44bn of cuts they them...