Deputy Prime Minister Nick Clegg said the government had a responsibility to pay off the country's budget deficit, and was "absolutely not going to change course." Speaking on the Andrew Marr show on BBC, he defended the government's record on growth and jobs.
To the surprise of many Lib Dems, Nick Clegg appears to have played down the importance of the Coalition's divide on an in-out referendum.
Business leaders in Davos are worried about the Prime Minister's pledge to put Britain's membership of the European Union to a referendum.
With some in France keen to "roll out the red carpet" for a British exit, Germans favouring decentralisation welcome EU renegotiation talks.