8.07pm: My colleague Hélène Mulholland is on patrol in Westminster and she's just bumped into a senior Lib Dem who explained the situation like this.
The dilemma for the Liberal Democrats is that it would be easier arithmetically to do a deal with the Conservatives, but it would be easier politically to deal with Labour ... I think the mood of the party is in favour of a deal with Labour.
Says it all really. The sandal wearing, wind farm fanatics, never really wanted a pact with the conservatives. It was a sympathy ploy all along.
Maybe I will be proved wrong but I doubt. If I am I will do an Iain Dale and
sprint stagger drunkenly naked through the town.
*I suggest you avert your eyes as I'm not a pretty sight.*