A blue-yellow coalition was not what anyone voted for on 6th May, but it might still be the best that anyone can reasonably expect. There are a number of factors in play – most of which are changing by the hour in all directions – and all of which the media and the political classes are finding hard to calibrate.
What we can say for sure is that the only stable, comfortable majority government that could possibly be created now is a Liberal-Conservative coalition. No other permutation can obviously or easily produce the magic number of 326 seats that forms an overall majority.
A Tory minority administration, a Conservative-Unionist pact or a Lib-Lab rainbow coalition might just, somehow, stumble over the finishing line, but it would face the daily risk of collapse if just two or three disillusioned MPs took umbrage. A further general election would surely follow – and in quite short order. And all of this is in the context of the British economy facing its severest crisis in decades.
If the mood music is to believed, the Tory and Liberal negotiating teams are getting on like a house on fire. Their discussions are ‘constructive’, they’re making ‘progress’ and they can barely wait to meet each other again to continue to eye each o