Senior Liberal Democrat sources have called Lord Oakeshott a "busted flush" after the peer claimed that the party is heading for disaster under Nick Clegg.
ITV News Political Correspondent Libby Wiener reports:
Lord Oakeshott a "busted flush" - says senior Libdem source, after peer claims party heading for "disaster" under Nick Clegg
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.