Britain's Deputy Prime Minister Nick Clegg says that the coalition government's approach to deficit reduction will differ from Margaret Thatcher's cuts, avoiding confrontations, social divisions, and regional disparities.
The best way to balance Britain's budget is not by thinking in terms of institutional reform, not temporary cuts.
The joining of the Conservatives' "big society" concept and the Liberal Democrats' power-distribution ideas may help this British coalition overcome their differences.
New UK Prime Minister David Cameron came to power Tuesday on the back of Britain's first coalition government since World War II. Historically, British coalitions have worked best in times of crisis and with looming budget cuts. Cameron and junior partner Nick Clegg are vowing to stick together for years to come.
Conservative leader David Cameron urged the third-party Liberal Democrats to make a deal quickly as negotiations over forming a coalition government intensified Tuesday.
If Britain's Conservative Party is unable to strike a deal with the Liberal Democrats after last week's election, the Tories may look to gain the support of eight members of Parliament from Northern Ireland in order to run the UK government.