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Leadified said:

Have a feeling Labour will barely edge out popular vote, but that doesn't say too much about seats. But that's just my guess, realistically it could go both ways.

Those kind of vote percentages would probably produce a Labour majority government. They'd be very happy with that.

My feeling is that there will be a swing back to the current Government very late on (for reasons of inertia), so something like

Conservative: 35%
Labour: 
33%
Liberal Democrat: 10%
UKIP: 10%
Green: 3%

Producing a very weak Labour/SNP/Liberal Democrat/Green/PC arrangement after a lot of fighting. I think there's a good chance of a second election this year.