British Election: David Cameron in Talks With Liberal Democrat Clegg

The British Parliament was still "hung" Saturday as the first-place Conservatives -- lacking a clear majority -- started negotiations with the third place Liberal Democrats with the aim of forming a coalition government headed by Conservative leader David Cameron.

If the two parties make a deal -- the right leaning Tories are looking for common ground with a center-left group -- it would mark the first time since World War II that Great Britain has had a coalition in Parliament in charge of its government, the AP reported.

In the meantime, Labour Party Leader Gordon Brown, who was reelected in his district, remains the prime minister. But the Liberal Democrats have chosen to bargain first with Cameron's Conservative Party. BBC News said Saturday the LD leadership "endorsed in full" its leader Nick Clegg's decision to seek an agreement with the Conservatives who have been out of power for more than a decade.

The Conservatives ended up with 306 seats in the House of Commons in the parliamentary election Thursday -- 20 short of a majority. But they could take control with the help of 57 of members of Parliament from the Liberal Democrats.

"We have a political crisis in the country in terms of a growing awareness that the voting system is totally inadequate," Liverpool Hope University Politics Professor Bill Jones told the AP. "The other crisis is the economic crisis, which is how to deal with the deficit. Those two things are competing with each other."

The two parties in talks are likely to agree on the economy and taxes, but would have to work out differences in voting-system reform, nuclear weapons and some foreign policy issues, the AP said. Clegg and Cameron met privately on Saturday.