Quote:
STATE OF PLAY: Lib Dems start formal talks with Labour as well as Tories; Brown to quit
5.07pm Swift reversal
This is astonishing. A Lib/Lab coalition is once again on the cards - and Gordon Brown falls on his sword to help it happen.
We could be in line for another unelected prime minister, and David Cameron may have let the keys to number 10 slip through his fingers.
5.05pm Brown to stand down
This is it. He'll see through coalition talks, then stand down in time for a leadership election at the Labour Party conference.
So, farewell then, Gordon Brown.