UK polls: Tories, Lib Dems to hold govt formation talks
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Last Updated: Saturday, May 08, 2010, 21:43
London: Hectic lobbying were on in Britain to cobble up a majority to form a coalition government after voters handed out a hung verdict in the polls, as Tories and Liberal Democrats are set to meet tomorrow to thrash out a pact to oust Prime Minister Gordon Brown from Downing Street.

Out of 648 seats declared yesterday, Tories won 305 seats, while Labour bagged 258 and Liberal Democrats secured 57 in the 650-member House of Commons. A total of 326 seats are required for an absolute majority.

However, no deal will be done on any possible coalition between the Liberal Democrats and Conservatives before Monday, Tories said today.

Top-level negotiating teams from both Tories and Lib Dems are due to meet tomorrow morning as they try to thrash out a pact that would finally oust Gordon Brown from Downing Street.

But the news that talks are set to drag on will further unsettle the financial markets which plunged yesterday when it became apparent that Britain was stuck with a hung Parliament.

The pound and the London stock market took a battering because of the political turmoil, with Brown - who polled just 29 per cent of the vote - refusing to shift from Downing Street.

This morning Lib Dem leader Nick Clegg spoke to senior party MPs about joining the Conservatives in a power-sharing coalition.

And David Cameron, the Conservative leader had talks with his inner circle at the Tory Headquarters before heading to join the other two leaders at the Cenotaph for a ceremony to mark the 65th anniversary of VE (Victory in Europe) Day - declared on May 8, 1945.




First Published: Saturday, May 08, 2010, 21:43

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