Well, you heard it here first – I was predicting a hung parliament in January. Its not quite the result that I was hoping for, but I’m pleased that neither of the two larger parties can simply do as they like.

So, what’s to come today?

David Cameron says that Labour has lost its mandate to govern. Well, it has certainly lost the mandate to govern as he chooses. However, from a Scottish perspective, the Tories have little mandate either.

Here’s my prediction early on in the day. My guess is that Labour will offer the Lib Dems electoral reform, but that the Lib Dems will hesistate in the face of the fact that what will be on offer is reform but not proportional representation.

I suspect that we are heading for an attempt by the Conservative party to govern as a minority party.

If you want another prediction, my guess is that we’ll have such a government for a three years or so – limping along and becoming weaker over time. Meanwhile, Labour will choose a new leader (Milliband?). Then another election with Labour having a commitment to AV+ in its election manifesto. My guess is that some of the Tory gains will be reversed at the next election, which will once more result in a hung parliament.