Former Liberal Democrat leader Lord Ashdown has called last night's European election results a "bitter, bitter night" for his party, but rejected calls for Nick Clegg to resign.
Speaking on Radio 4's World at One programme, he said the party should tolerate the poor mid-term election results in order to "put forward our case for our actions in government" at the 2015 general election.
He also said Mr Clegg remained "an asset to our party" who had shown "extraordinary courage" in his leadership of the Lib Dems.
Cable said he had no knowledge of the 'reprehensible' polls leaked by Lord Oakeshott on Nick Clegg's leadership.
The Liberal Democrat peer is taking a leave of absence from the Lords and resigning from the party, but is he the 'busted flush' some think?
Read the full statement from Lord Oakeshott on why he is resigning from the Liberal Democrats.