The Economist on Clegg, Cameron: A not very odd couple

The deal, reached after days of tortuous haggling, gives Mr Clegg’s party five seats at the cabinet table and several junior ministers. The Tories’ George Osborne will run the Treasury but Vince Cable and David Laws, both Lib Dems, will also fight the economic and fiscal crises as business secretary and chief secretary to the Treasury respectively. Some basics have been agreed upon: £6 billion ($9 billion) of savings will be made this year, and various welfare goodies will be withdrawn from higher-earners. An emergency budget is expected in June.

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