Update: Brown has now resigned as Prime Minister.
BBC.
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Brown offers to resign before Labour conference ... to make way for formal negotiations with LibDems.
Brown says his cabinet is now putting together formal terms for negotiations with the LibDems, similar to that taking place with the Conservatives. Brown says Clegg has requested formal negotiations with Labour, as the LibDems continue negotiations with the Conservatives.
This surely means the negotiations for a coalition have just got rather more complicated. Brown says he believes the country wants and needs a 'Progressive coalition'.
The LibDems are not happy with the lack of detail coming from the Conservatives. Clegg and his team have just turned up the pressure massively on the Tories and got Brown's qualified resignation. This is high stakes.
More
here.
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