Are we on the verge of a blue-yellow coalition?

Senior Lib Dems are optimistic about doing a deal with Cameron.

Memo to fellow progressives: this might not be our "moment". Sorry to be the bearer of bad news on the day that hundreds of people are gathering in central London to call for electoral reform, but I'm here to inform you that the Lib Dems might be about to do the unthinkable and join up with the Tories.

One senior Lib Dem frontbencher told me this morning that the Tories will "offer us a referendum on electoral reform. I have no doubt about it. They are desperate." He added: "My ideal outcome is unachievable. Personally, I would like to have done a deal with Labour."

So, are we on the verge of a blue-yellow coalition government, with Lib Dem ministers taking seats in a Cameron-led cabinet? Perhaps -- but almost everything about this election and the campaign that preceded it has been unpredictable. There's no reason why these post-election negotiations won't turn out to be just as volatile or as erratic.

Personally, I hope and pray that Nick Clegg does not fall for the Tory proposals that are put in front of him in the coming days. He has to remember that Cameron and co can't be trusted on electoral reform; the Conservatives are -- and always will be -- the party of the status quo.

But I've prepared myself to be disappointed. A Cameron-Clegg administration is no longer inconceivable. The Lib Dem leader's ludicrous decision to refer to the party with the most seats and votes as having a "mandate" boxed him in and forced him to negotiate with the Tories first. I asked my Lib Dem source why he had done so. His reply: "There is no point in saying we're going to play by rules that don't exist. We've got to play by the rules as they are."

Clegg and co may regret that decision at the next election.

Mehdi Hasan is a contributing writer for the New Statesman and the co-author of Ed: The Milibands and the Making of a Labour Leader. He was the New Statesman's senior editor (politics) from 2009-12.

A second referendum? Photo: Getty
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Will there be a second EU referendum? Petition passes 1.75 million signatures

Updated: An official petition for a second EU referendum has passed 1.75m signatures - but does it have any chance of happening?

A petition calling for another EU referendum has passed 1.75 million signatures

"We the undersigned call upon HM Government to implement a rule that if the remain or leave vote is less than 60% based a turnout less than 75% there should be another referendum," the petition reads. Overall, the turnout in the EU referendum on 23 June was 73 per cent, and 51.8 per cent of voters went for Leave.

The petition has been so popular it briefly crashed the government website, and is now the biggest petition in the site's history.

After 10,000 signatures, the government has to respond to an official petition. After 100,000 signatures, it must be considered for a debate in parliament. 

Nigel Farage has previously said he would have asked for a second referendum based on a 52-48 result in favour of Remain.

However, what the petition is asking for would be, in effect, for Britain to stay as a member of the EU. Turnout of 75 per cent is far higher than recent general elections, and a margin of victory of 20 points is also ambitious. In the 2014 independence referendum in Scotland, the split was 55-45 in favour of remaining in the union. 

Unfortunately for those dismayed by the referendum result, even if the petition is debated in parliament, there will be no vote and it will have no legal weight. 

Another petition has been set up for London to declare independence, which has attracted 130,000 signatures.