10/01/2013 12:19 GMT

2015 Will Be The 'Scarcity Election', Predicts Nick Clegg

Nick Clegg has predicted 2015 will see the “first full blown scarcity election” as he set out how the Lib Dems would seek to occupy the centre ground between Labour and the Conservatives.

The Lib Dem leader told journalists in Westminster on Thursday that all thee main parties would accept “shared assumptions” about the level of spending cuts, but the debate would be about what to cut and when.

Clegg’s analysis was shared by David Miliband on Monday, who fuelled rumours of his return to the Labour front bench when he said he accepted the overall level of cuts to benefit payments needed.

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