Coming this summer: Coalition 2.0

A new mission statement for the Coalition may be set out in July in an attempt to allay fears that the Government is running out of steam.

Conservative and Liberal Democrat ministers and advisers are discussing a proposal to update the Coalition Agreement to highlight its proposals for the second half of its planned five-year term. The exercise has been dubbed "Coalition 2.0".

Senior Liberal Democrats insisted that the move would not distract from Nick Clegg's determination to highlight differences with the Tories on issues such as a wealth tax to show that his party had not lost its separate identity. "We can do both," one said.

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