Lib Dem ##kin explains how his party would eradicate deficit by 2017 - 18 . Includes tax rises , limiting welfare rises and Whitehall tax cuts . But that labour 's plan to raise £ 12billion will cause ' real pain ' Mansion tax scaled back by £ 700million but expects prices to rise by £ 25-a - pound .
Lib Dem leader explains how his party would eradicate deficit by 2017-18 . Includes tax rises , limiting welfare rises and Whitehall spending cuts . But warns Osborne 's plan to cut £12billion will cause 'real pain ' Mansion tax scaled back by £700million but car tax to rise by £25-a-year .