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Europe

Power-sharing talks to continue between Lib Dems and Tories

Video by Elena CASAS

Text by News Wires

Latest update : 2010-05-10

Power-sharing talks between the UK’s Conservatives and Liberal Democrats were "productive" Sunday, with negotiations set to resume within 24 hours. Thursday's general elections resulted in a hung parliament, giving no party an overall majority.

AFP - Power-sharing talks between Britain's Conservatives and Liberal Democrats were "very positive and productive", Conservative negotiator William Hague said Sunday.

After more than five hours of discussions in London, Hague said the two parties' negotiating teams would meet again within 24 hours after briefing their respective leaders on the talks.

"We've had some very positive and productive discussions over many key policy areas," he said.


"The issues we have covered have included political reform, economic issues and the reduction of the deficit, banking reform, civil liberties, environmental issues.

"So we've had good discussions about all of those areas. We intend to meet again over the next 24 hours.

"We are agreed that a central part of any agreement that we make will be economic stability and a reduction of the budget deficit."

Liberal Democrat lawmaker Danny Alexander, who emerged with his party's negotiators, said the talks had been "useful".

"We intend to have further discussions in the next 24 hours," he said.

"Any agreement made will have deficit reduction and economic stability at its heart."

David Cameron's Conservatives, trying to oust Prime Minister Gordon Brown's Labour from power, won the most seats in Thursday's general election but fell short of an overall majority.

"We've got a Nick Clegg who's like a bride with two suitors".

They have since approached the third-placed Liberal Democrats led by Nick Clegg about forming a government.

There have been fears that the pound could fall when the financial markets re-open on Monday because of the lack of a deal on forming a government.
 

Date created : 2010-05-08

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