We should talk less of Lib-Lab
Nick Clegg rightly said this morning that it would be preposterous if Labour were to lead the next government if it were the third party in share of votes. What hasn’t been given due focus is that mightn’t even have that theoretical option if the numbers from these polls hold out. To command a majority, a prime minister needs the support of 326 of the 650 MPs in the Commons. Electoral Calculus currently put the Conservatives at 297, Labour at 227 and the Liberal Democrats at 94, whereas Times/Ladbrokes give the Conservatives 315, Labour 224 and the Liberal Democrats 78. They differ significantly in how they predict seats to be shared between the Tories and Lib Dems, but both show that even with Lib Dem support, Labour would not pass 326. Unless they also added the various nationalists, but that really would be pushing it, and the Liberal Democrats would not be so foolish.
The only real question left is whether the Tories will manage to govern alone or whether they will be compelled to rely on Lib Dem support. Labour are as good as irrelevant on those figures.