Ten Things You Need to Know Today: Saturday 4 Aug 2012

1. LIB DEMS THREATEN LORDS REVENGE

Senior Liberal Democrat figures have warned there will be 'consequences' for the Conservatives after David Cameron prepares to shelve plans to reform the House of Lords. A major rift in the coalition is likely, with Lib Dems considering withdrawing their support for plans to redraw constituency boundaries ahead of the next election in 2015.

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