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Nick Clegg on mansion tax, his leadership and that video

"I will not flinch" says the Lib Dem leader

Leader of the Lib Dems, Nick Clegg. Credit: Getty Images

On the Andrew Marr show this morning, Nick Clegg was forced to watch himself make that now-infamous video apology. Explaining his reasons for making the film, he said that he "just wanted to make the apology in a simple and direct way" and that though the "Westminster village [is] always cynical about these things... sometimes the right thing to do is to say sorry". He conceded that some of the parodies were "amusing" but hit out at Ed Balls for never apologising for cosying up to the banks, and Labour for never apologising for taking the country into an "illegal war" in Iraq: "I know what I'm doing is unusual... I'm waiting for some apologies for some pretty big things from the Labour Party."

On the main theme for the Lib Dem conference, "Fairer taxes for hard times", Clegg said it was important to have a debate now about the principles of the economy during a period of "belt-tightening": "you should start at the top and work down not start at the bottom and work up... Let's make sure we do this as fairly as possible." When Andrew Marr asked if he was specifically suggesting a mansion tax, Clegg said: "I believe in a mansion tax... I can't understand how anyone thinks it's ok for an oligarch living in a £3m house in London that you pay the same council tax" as someone living in a smaller house next door.

When asked if he could possibly persuade George Osborne and the Tories to implement such a policy, Clegg said: "I've already persuaded Conservatives to increase capital gains tax, increase stamp duty and clamp down on tax avoidance." The risk, of course, is that Clegg breaks another promise if doesn't deliver. When pinned by Marr on identifying one clear tax increase on the wealthy, Clegg sidestepped naming a specific policy and instead emphasised the measures already in place. However he did state that the Lib Dems "will not accept a new wave of fiscal retrenchment without asking the people at the top to make their contribution."

As for his "much speculated upon" future as party leader, Clegg said, "Yes there are anxieties, there are concerns... but there is extraordinary resilience and unity" within the party. Asked if there was no chance that he would quit as party leader, he said that you could not quit halfway up the mountain, just as the going got difficult. "I'm not going to flinch," he said.