Ming will be 68 come the election – the LibDems think they can turn this into a strength – did they see the panto Tory Toff outfit he was wearing when he announced he was standing? He will be a joy to caricature. Oaten as leader would potentially bring about Liberal / Tory tactical alliances. Simon Hughes as leader will bring disaffected LibDem voters back to the Tory fold.
As Cameron crunches his cornflakes, he can only laugh at his luck.