Mr Cameron and Mr Clegg began by thanking troops serving in Afghanistan for everything they are doing and sending them and their families Christmas wishes.
The PM also gave an update on government action following the coldest December in over 100 years.
He said Cabinet had discussed the widespread travel chaos “extensively” on Tuesday and that the Ministerial Resilience Team, led by the Transport Secretary Phil Hammond, was meeting regularly.
The people stuck here are having an incredibly difficult time, especially just a few days from Christmas, and everything must be done to either get them on holiday or get them home safely.
Discussing the economy, they said the Coalition Government was on the right track and that next year would be “rigorously focused on growth and job creation”.
Mr Clegg said the Coalition had achieved a great deal this year tackling the deficit. He said he believed ”we’ll fix the economy and build a better future”.
The Deputy PM also said they had made a good start on their far-reaching programme to rebuild British society so that it is “open, liberal, socially mobile”.
…from schools, to hospitals, to planning - we’re taking power away from Whitehall and handing it back to individuals, back to families, back to neighbourhoods.
Read more: Deputy PM’s opening statement (Deputy Prime Minister’s website