Oakeshott: 'Party is heading for disaster with Clegg'

Lord Oakeshott has announced he is to resign from the Liberal Democrats and take a leave of absence from the House of Lords

In a statement, Lord Oakeshott said:

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Lib Dem @oaskeshottm: I am today taking leave of absence from the House of Lords and resigning as a member of the Liberal Democrats.

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Oakeshott: Party is heading for disaster if it keeps Nick Clegg...I must not get in the way of the many brave LibDems fighting for change

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Oakeshott: leave, with a heavy heart, the party I helped to found with such high hopes with Roy Jenkins...Shirley Williams and David Owen

"I am sorry I have so upset and embarrassed my old friend Vince Cable and that we were not able to talk before he issued yesterday’s statement from China." The statement also said

More: Vince Cable criticises his friend Lord Oakeshott over 'inexcusable poll lea

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Clegg insists Cable 'was not aware' of Oakeshott poll

Nick Clegg has insisted Vince Cable was not involved in a failed attempt to oust him as Liberal Democrat leader. During his regular Call Clegg show on LBC he said: "He was absolutely not aware of polls elsewhere."