Some random thoughts as they come to mind:
Looks like Labour and the Lib-Dems combined will end up with around 52 per cent of the popular vote and the chance of getting a working majority (just) in the House Of Commons. If that's the case, and given the closeness of Labour and Lib-Dem policies and the distance of both from the Tories, then the only democratic outcome is a Labour/Lib-Dem coalition.
If such a coalition comes is agreed, then this could and should lead to reform of the voting system. A scenario not dissimilar to that advocated by Will Hutton in Sunday's Observer comes into play. And the best thing about it, it that it gives progressives the chance to ensure that a minority Conservative government, promoting the interests of minority wealth and privilege, will never again be able to assume power.
Nick Robinson is on the BBC suggesting that Labour insiders are
preparing the way for Gordon Brown to stand aside if that is a
condition of a coalition with the Lib-Dems. Given his party's poor
performance, Nick Clegg is out of the frame for PM. But which senior Labour figure might get the keys to No 10.
That Joanne Cash in Westminster North is a very poor loser. She had a hissy fit on camera, apparently blaming the press for her defeat. The worst kind of Tory (they're not all bad).
Glad Sarah Teather won Brent Central. She's a really good egg. Shame about Susan Kramer in Richmond. She came to my book launch - I really like her.
Brilliant success for Caroline Lucas in Brighton Pavilion. Under PR I would have voted Green, indeed I voted Green in the local council elections. If the next election is held under PR, there should be a good chance of more Green MPs to come.
I don't have a great deal of Time for Richard Lambert of the CBI, but I was pleased to see him tell Andrew Neil in the small hours that "Britain is not Greece". Lambert knows better than most, that the threat from the financial markets can be fended off by cautioning against panic. Democracy cannot be held to ransom by the financial markets who represent the interest of a tiny minority.
Brown has just announced that Alastair Darling will be participtaing in a conference call of G8 finance ministers later today to discuss the currency crisis. If the Tories had won last night, George Osborne would be sitting in his place. Just the thought of it makes me feel sick.
Although I still can't stand the thought of cameron in No 10, I do think the argument in this piece by Lance Price has some merit. He suggests that Labour and the Lib-dems should go into opposition together and, essentially, let the Conservatives hand themslves.
Jonathan Powell has just told Jeremy Paxman that this is only a crisis if we turn it into one. He's dead right - we have to trust the politicians to find a way through this. Tony Benn thinks another general election will come sooner rather than later. I hope there is another general election, but only after a refendum and legislation to change the voting system.
Given the probable list of candidates for the post of Labour leader, and thus Prime Minister, this is, of course, most unlikely. The only potential candidate likely to take this approach is the very able Jon Cruddas. The bookies have him as the 16/1 outsider. Not impossible.