ElectionForecast are showing the results as follows:
It also means that neither can win through a coalition with the Lib-Dems.
It basically means that if either of the big two want to be in power they need support from both the Lib-Dems _and_ the SNP.
(Alternatively, they could go into power with each other.)
Oh, and two hours ago the new SNP leader announced that she wouldn't support a Conservative government.
Now, the question is - what would the SNP want from supporting a Labour government? Pretty much the only answer there is Devo Max. By which I mean "Everything other than defence and international relations goes to Scotland, with it paying Westminster for use of those services."
And what's the Liberal-Democrat response likely to be in that situation? "In that case we need constitutional reform and devolution across the UK." Oh, and considering we're now in a state where we clearly have _at least_ five parties with major influence over how voting turns out, if not more, we need STV for at least local elections (as Scotland has for local elections and NI has for their Assembly).
Of course, it might not turn out that way at all. Labour could do something very impressive in Scotland to not lose lots of their seats to the SNP. They could even pull ahead nationally if they started offering an actual alternative to the Conservatives. But it seems very unlikely to me that we're going to end up in a situation where any one party has a majority, and fairly unlikely that it's going to need less than three.
Oh, and all of this plays into the question of who should be in the Leadership Debates between now and the election. There's a great write-up here going through the options sensibly.
Anyone want to chime in with alternate suggestions for how it might go?
1) I've left the NI parties out of this, on the grounds that they tend to not support Westminster parties in the same way. If anyone wants to chime in with how they might affect things then I'd love to hear it.
2) Parts of this came out of discussions with danieldwilliam last week, for which I am grateful.
Original post on Dreamwidth - there are comments there.