Advisers back "best hope" Tory/Lib Dem pact

The best outcome from today's hung parliament election result would be a pact or coalition between David Cameron's Conservatives and Nick Clegg's Liberal Democrats, IFAs say.

Clegg earlier on Friday said he believed Cameron had gained "first right" to attempt to form a government because his party had won both the most votes and the most seats. But, under constitutional convention, it is the incumbent Prime Minister who has that right. Cameron is due to make a statement at 2.30pm spelling out how he will try to form an administration he says will be "strong and stable with broad support, that acts in the national interest". Martin Bamford, managing director, Informed Choice "The make up of a coalition is potentially scary if Labour tries to cling to po...