David Cameron makes a "big, open and comprehensive offer" to the Lib Dems to work in government with the Conservatives.
BBC Election 2010
Lib Dem sources told the BBC Mr Cameron's offer was a "significant step" and they would consider all the proposals and respond in due course.
Mr Cameron and Mr Clegg are expected to begin talks on Friday evening.
Mr Clegg - whose party has done worse than in 2005 despite favourable opinion polls - said that he believed the Tories had gained the "first right" to attempt to form a government in the "national interest".
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