Liberal Democrats would raise taxes on the rich, Nick Clegg vows

The Liberal Democrats would of course raise taxes on the wealthy after the general election, Nick Clegg said, as he criticised the Tories for beating up on the poor and savaging public services in the final stage of eliminating the structural budget deficit.

In a taste of the tough negotiations that would take place in the event of another hung parliament, the deputy prime minister expressed astonishment that the chancellor, George Osborne, planned to exempt the rich from any further tax rises.