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My live-blog of today's British election debate (just concluded) can be read here. My take is that Cameron had his strongest performance yet and Clegg did well, but  not so well as to surge. But Brown was forceful and dreadful in equal measure. He seemed completely deflated and suddenly much older.

Cameron wins in a hung parliament on current trends. But if Labour collapses in marginal seats, as seems to be the case, anything could happen. I'd place a side-bet on a small Tory majority today. Cameron was on top form. But the system favors a Lib-Tory pact. We could, however, see a Labour collapse of historic proportions and maybe that will be the real impact of this election, before an austerity government takes over.