British Chancellor George Osborne will today set out what is expected be the toughest package of tax increases and spending cuts in a generation as he delivers his first Budget.

British Liberal Democrat Party leader Nick Clegg today said he would fight for "fundamental" reform of Britain's electoral system in talks with other parties on the shape of the future government, following Thursday's inconclusive general election.

A deflated Nick Clegg expressed his disappointment today at the Liberal Democrats’ poor showing in the British General Election.

Britain's under-fire Liberal Democrat leader Charles Kennedy is to make a “personal statement” tonight, a party spokesman said.

Labour has extended its lead over the Conservatives at the expense of the Liberal Democrats, a new opinion poll revealed today.