Things are moving very fast now with the announcement that the Lib Dems are going to enter formal negotiations with Labour. Gordon Brown has also announced that he will step down once a stable government has been formed.
There is a lot of spluttering reaction from Tories in particular but I think we should wait and see. Nick Clegg is right to explore all possibilities. That is the nature of negotiation.
It appears that the sticking point of electoral reform has been the big problem with the Tory negotiations. The Conservatives have known all along the strength of feeling in the Lib Dems about this. I am not sure what if anything they have offered on this but as I said the other day they should have been aware that a counter offer was already on the table from Labour.
I will be on a panel on Tony Livesey's Radio 5 Live show from 10pm this evening discussing the events of the day.