No informal agreemen with Tories or Labour says Lib Dem source

A senior Lib Dem source has told talkSPORT, on Lobby terms that discussions in this afternoon's meeting of Lib Dem MP's makes an informal 'confidence and supply' arrangement with any party unlikely.

The source admitted that the Libs have a stronger duty to do business with the tories first, because they have more seats and more votes than Labour - but that all options are on the table.

The Labour party are offering the Liberals more, s/he said, but the Libs are very aware that Labour are in a weaker position than the tories and are less likely to be able to deliver on their promises.

The likely demand, s/he said is that the Lib Dems would want to occupy Cabinet seats. "In for a penny, in for a pound". The senior Lib Dem said that a 'confidence and supply' arrangement could be broken any time, whereas if Liberals occupied Cabinet seats, they would have more chance of influencing policy.

The senior Liberal would not be drawn on how long negotiations may take and told me, "I can't tell you when the negotiating teams will meet again, because right now, I really don't know".

The source is solid - and we can take for a fact that there are differing opinions in the party.

It doesn't look like this is going to get resolved tonight!

I can tell you that there are a LOT of unhappy political hacks - raging on behalf of their readers, listeners and viewers.