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Page last updated at 07:34 GMT, Saturday, 8 May 2010 08:34 UK

Labour 'smiling for first time in a long time'

As coalition talks between the Tories and the Liberal Democrats look set to continue today, what will Labour's position be in the new government?

If Tory-Lib Dem talks collapse the Labour party could still yield influence by forming deals of its own.

Today presenter James Naughtie examines the possible coalition pacts.

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