Conservatives say it's decision time for UK's Liberal Democrats
Conservative leader David Cameron urged the third-party Liberal Democrats to make a deal quickly as negotiations over forming a coalition government intensified Tuesday.
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Some wonder if it would be regarded as an affront to the will of the voting public, who gave the Conservatives 306 of parliament's 650 seats, just short of the 326 needed for a majority. Labour won 258 seats, Liberal Democrats won 57, and smaller parties took the rest.Skip to next paragraph
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The other problem, and one that comes with practical implications for Britain’s efforts to navigate the exceedingly choppy economic, is that such an alliance would still need the votes of a range of other parties to govern as a majority in parliament. They include the Scottish nationalists, who are rivals to the Liberal Democrats in Scotland.
A "Lib-Con" alliance on the other hand would constitute a clear majority of at least 37.
“The truth of the parliamentary arithmetic is that you can just about construct other combinations of parties that just about make up a parliamentary majority, there is no other combination of parties that gets you to the position of having a comfortable majority and that in the dicey economic situation tat the UK is in is important,” says Littlewood.
Crucially, he points out that there is not a “colossal” gap between the Liberals and Conservatives on how to go about cutting Britain’s deficit, which is one of the worst in the world as a percentage of GDP, according to figures from the Organization for Economic Co-operation and Development (OECD).
The Tories have also given ground in negotiations on Liberal demands for radical changes to the tax system. On this issue, Liberals are much more redistributionist – in favor of closing loopholes for people at the top and making reductions at the lower end of the tax stream – while Conservatives are regarded as having a more business friendly approach.
Crunch time is now approaching, but while the international markets have exhibited some jitters, investors have largely been giving breathing space to the political talks at Westminster.
Can Lib-Dem's Clegg make a deal?
Instead, says Littlewood, the overwhelming issue is whether the free-market-friendly Liberal leader, Nick Clegg, can now bring his party on board for a deal with the Tories.
“If all that was required was Clegg and Cameron to personally agree, a deal would have been signed,” he says. “Cameron appears to have delivered his party but Clegg has yet to deliver his, and it has quite a substantial wing that have fairly tribal loathing of the Conservatives.”
While markets are still not panicking at the absence of a new British government, Littlewood predicts that the situation is increasingly becoming a question of collateral political damage for the Liberal Democrats.
“The media narrative is now turning against the Liberal Democrats, asking them, 'Are you serious about propping up the Labour Party when it only got 29 percent of the vote?’ and ‘When are you going to make your mind up?’ ”
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