The coalition is at least as likely to end up shipwrecked as it is to sail through, or at least stay afloat, until 2015

Liberal Democrat MPs may soon find themselves watching a slow motion car crash while their Conservative counterparts might feel that their ‘business arrangement’ has served its purpose. Either way, a parliamentary full-term, while not impossible, remains less likely than an early and potentially messy, dénouement, writes Tim Bale.