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Don't panic! They know what they're doing...

This week YouGov released a poll showing support for the Lib Dems has dropped to a feeble 9 per cent. Abandoning their policy on tuition fees threatens alienating a large part of their base—young people—from the party for years. Most predict annihilation for the Liberals in next year’s local elections. Time for Clegg & co to panic, right?

Apparently not. Despite nosediving in the polls, senior Lib Dem advisers and MPs are genuinely excited about the post-coalition prospects for…

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