The deputy prime minister made the remark ahead of his party's alternative budget.
But the shadow chancellor claims his budget would have been less 'nasty'.
David Cameron will today appeal for more moderate VAT rules covering small online businesses trading overseas.
State-owned Indian Oil and Hindustan Petroleum to import eight million barrels of Iraqi oil.
Markets continue to expect the Fed to keep its rate path divergence towards the hawkish side from other major central banks.
Iraqi central government has delayed payment of more than $1bn to Erbil over oil exports.
Price of bitcoin drops following news of dark web marketplace closure.
Osborne delivered a confident budget but his bank levy raise will be keenly felt.
Economist William Keegan gives his views on the chancellor's pre-election budget.
Chancellor unveils higher bank levy in 2015 budget which claims will raise £4.4bn.
OBR complains that it was pushed to properly scrutinise George Osborne's pre-election budget.
The Labour leader made the allegations after Osborne gave his budget speech in the Commons.
Some analysts argued falling oil prices presented a window of opportunity to raise petrol duty.
Osborne described it as a 'radically more flexible ISA'.
UK Chancellor George Osborne said personal allowance would take four million people out of income tax.
UK Chancellor George Osborne cut a penny off a pint for the third year in a row.
The chancellor said the reduction would pay for a cut in tuition fees to £6,000 a year.
Osborne announced a tax allowance and a cut in the tax on petroleum tax revenues from 50% to 35%.
Osborne says surplus will run at 0.3% of GDP by the end of the decade
Osborne cracks down on tax avoidance with raft of measures including a Google Tax and inheritance tax.
OBR has upgraded their short-term GDP growth forecasts at 2.5% in 2015.
UK Chancellor Osborne plans to sell £13bn of UKAR mortgage assets after financial crisis bailouts.
Tax cut could affect 27 million people.
It's half what the bank paid out last year.
EXCLUSIVE: Bank of England could issue its own digital currency based on bitcoin technology.
The protests coincide with the inauguration of the European Central Bank's new headquarters.
City-state's GDP to expand 2.8% this year, down from the 3.1% growth rate projected in December 2014.
The Office for National Statistics says the job rate hit 73.3% in the three months to January.
George Osborne has unveiled a £1 coin ahead of the budget speech
George Osborne's big announcement is expected at 12.30pm after Prime Minister's Questions.