By allowing Scotland and Wales further independence in return for them losing most of their Westminster MPs, and introducing a PR voting system, the prospects would be much more tempting for minor parties to "have a go". Any number of the factions within existing main parties might pluck up the courage to "go it alone". Five years is long enough for quite few experiments to test ideas on the voting public before the crunch reality of a general election rolled up again.
The Tory Way Forward group was pushing for a minority government that would almost certainly have exposed the LibDems as being duplicitous, irresponsible and generally unsuited to government - although at this moment, it seems likely that Dave is going to find some of his own party are going to be more awkward to manage then the "can't believe their luck" LibDems!
But there's always a chance that this is all part of a very cunning master plan to corner and then impale the LibDems on their own hubris and desperation for power. It obviously suits Cameron to park some election pledges that cost money we don't have - and write them off to the national interest. And having Vince along to properly spank the (still largely unrepentant) bankers is another well-poisoned chalice passed along.
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