A LibCon pact is back on the rails
I'm not one of those people who think it was duplicitous for the LibDems to talk to Labour. I think it was important for Team Clegg to look like they had explored all possibilities and it should be said that a LibLab pact is certainly not dead yet.
If, if, if, if, if a LibCon deal does now go ahead - and the FT Westminster blog is suggesting it is most likely to be a formal coalition - then the big learning I take from the last 24 hours is that there are many LibDems - led by Lord Ashdown - who don't have their hearts in it. The country needs stability but I fear that any arrangement will be vulnerable to the smallest of trigger events.
I fear this all sets up Labour quite nicely to be the only party of opposition to a weak government, responsible for taking very difficult decisions.
2.15pm: On the BBC News Channel Michael Gove says any deal will ideally include Liberal Democrats sitting in the Cabinet alongside Conservative ministers.